Advertisement
Canada markets open in 8 hours 16 minutes

  • S&P/TSX

    21,708.44
    +52.39 (+0.24%)
     

  • S&P 500

    5,011.12
    -11.09 (-0.22%)
     

  • DOW

    37,775.38
    +22.07 (+0.06%)
     

  • CAD/USD

    0.7261
    -0.0003 (-0.04%)
     

  • CRUDE OIL

    84.54
    +1.81 (+2.19%)
     

  • Bitcoin CAD

    85,685.46
    +779.43 (+0.92%)
     

  • CMC Crypto 200

    1,288.74
    +403.20 (+44.39%)
     

  • GOLD FUTURES

    2,397.80
    -0.20 (-0.01%)
     

  • RUSSELL 2000

    1,942.96
    -4.99 (-0.26%)
     

  • 10-Yr Bond

    4.6470
    +0.0620 (+1.35%)
     

  • NASDAQ futures

    17,372.00
    -175.25 (-1.00%)
     

  • VOLATILITY

    18.00
    -0.21 (-1.15%)
     

  • FTSE

    7,877.05
    +29.06 (+0.37%)
     

  • NIKKEI 225

    37,037.79
    -1,041.91 (-2.74%)
     

  • CAD/EUR

    0.6822
    +0.0001 (+0.01%)
     

Starbucks shuffles management as it rolls out new store concepts

Reuters
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)