Advertisement
Canada markets open in 19 minutes
  • S&P/TSX

    21,873.72
    -138.00 (-0.63%)
     
  • S&P 500

    5,071.63
    +1.08 (+0.02%)
     
  • DOW

    38,460.92
    -42.77 (-0.11%)
     
  • CAD/USD

    0.7289
    -0.0009 (-0.12%)
     
  • CRUDE OIL

    82.93
    +0.12 (+0.14%)
     
  • Bitcoin CAD

    86,550.73
    -4,170.53 (-4.60%)
     
  • CMC Crypto 200

    1,349.06
    -33.51 (-2.42%)
     
  • GOLD FUTURES

    2,341.70
    +3.30 (+0.14%)
     
  • RUSSELL 2000

    1,995.43
    -7.22 (-0.36%)
     
  • 10-Yr Bond

    4.7210
    +0.0690 (+1.48%)
     
  • NASDAQ futures

    17,389.50
    -275.00 (-1.56%)
     
  • VOLATILITY

    16.86
    +0.89 (+5.58%)
     
  • FTSE

    8,065.71
    +25.33 (+0.32%)
     
  • NIKKEI 225

    37,628.48
    -831.60 (-2.16%)
     
  • CAD/EUR

    0.6820
    +0.0001 (+0.01%)
     

Starbucks shuffles management as it rolls out new store concepts

A Starbucks store is seen inside the Tom Bradley terminal at LAX airport in Los Angeles, California, United States, October 27, 2015. REUTERS/Lucy Nicholson (Reuters)

(Reuters) - Starbucks Corp <SBUX.O> on Monday said it was tweaking its management structure as part of a long-range growth strategy that includes opening new retail concepts, including upscale coffee shops and bakery outlets.

Cliff Burrows, head of Starbucks' U.S.-dominated Americas business for eight years, will lead a new group called Siren Retail.

Named for the chain's familiar logo, the new group will have responsibility for tea retailer Teavana, showcase Roastery stores, Reserve stores that sell small-lot coffees, and new Princi bakery locations.

John Culver, a 14-year Starbucks veteran, will become group president for global retail, with responsibility for Starbucks retail sales around the world. Culver had been group president for Starbucks China and Asia-Pacific, channel development and emerging brands.

(Reporting by Lisa Baertlein in Los Angeles)