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Starbucks baristas launch strike on chain’s ‘Red Cup Day’

Hundreds of unionised Starbucks baristas kicked off an indefinite strike Thursday in cities across the United States, protesting working conditions and stalled labour negotiations. Like last year, the work stoppage came on the coffee chain’s popular Red Cup Day, when Starbucks gives reusable cups to customers who purchase holiday-themed drinks...

Starbucks cedes China control to Boyu Capital

Starbucks announced Monday it will sell a controlling stake in its Chinese retail operations to investment firm Boyu Capital in a deal valuing the business at around $4 billion...