US EditionStarbucks snags Nordstrom CFO Cathy Smith as bounce-back campaign continues
- Starbucks has hired Cathy Smith, the former CFO of Nordstrom, as its new CFO, replacing Rachel Ruggeri, who has served since 2021.
- Cathy Smith's compensation includes a $925,000 salary, a $5 million signing bonus, and over $10 million in equity for forfeited payments.
- Starbucks has also announced operational changes, including reducing its menu by about 30%, to focus on a coffeehouse brand identity.
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Starbucks’s China Comeback Relies on Right Partner, Brewing Back the Vibe
SHANGHAI, March 5 (Reuters) - As Starbucks tries to revive its faltering business in China, analysts say strategic partnerships and returning to its roots as a place where customers come for a coffee "experience" offer the best bet to beat intense competition and deflationary woes.
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Total News Sources12
Leaning Left2Leaning Right2Center6Last UpdatedBias Distribution60% Center
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C 60%
R 20%
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