He would join the company

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As director of retail operations and marketing the following year, when Starbucks began providing coffee to fine restaurants and espresso bars. In 1983, Schultz travels to Italy, and gets impressed with the espresso bars in Milan, and sees the potential to develop a similar coffeehouse culture back in Seattle. So, in 1985, Schultz founds Il Giornale, a coffeehouse that offered brewed coffee and espresso beverages made from Starbucks® coffee beans.


Two years later, the original founders sold Starbucks to australia whatsapp number database Schultz. He rebranded his Il Giornale cafés as Starbucks and began expanding the company. By the year 1989, there were 55 Starbucks stores in the United States. Starbucks completed its initial public offering (IPO) on the stock market in mid-1992, with revenue of $73.5 mi and a market value of $271 mi. Four years after that, its first store outside North America was opened in Tokyo.


And, finally, nowadays, Starbucks is one of the 500 largest United States corporations by revenue, according to Fortune, with a market value of over $100 bi and 32,660 stores all over the world. Who Owns Starbucks In 2022, Howard Schultz, one of Starbucks’ key executives, is back as the company’s CEO, after already holding the position from 1986 to 2000, and then again from 2008 to 2017, as previously mentioned.