CEO Schultz sees packaged goods division rivaling coffeehouse business
Starbucks Corp. chairman Howard Schultz pledged Wednesday to build the company’s global consumer packaged goods business to the point where it rivals that of its coffeehouse chain. At the company’s annual shareholder meeting in Seattle, Schultz said Starbucks reached record revenue and profit levels in 2010 after a three-year recovery that included hundreds of store closures, layoffs and slowed growth. Saying the Seattle-based company is now working from a position of strength, ...
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