Laxman Narasimhan

Starbucks Cuts Annual Sales Forecast As Demand Cools In US, China

Starbucks cut its annual sales forecast after reporting a fall in same-store sales for the first time in nearly three years.

Starbucks Cuts Sales View Due To Middle East Conflict, Warns Of Weak Q2

Starbucks cut its annual sales forecast as the Israel-Hamas war hurt its Middle East business, while warning that softer demand in January and slow recover...

Nestlé And Starbucks Celebrate Five Years Of Global Coffee Alliance

Nestlé and Starbucks are celebrating five years of their global coffee alliance, established in 2018 to accelerate and expand Starbucks brands in co...

Coffee Giant Starbucks Beats Quarterly Profit Estimates

Starbucks beat quarterly profit estimates, powered by a sharp recovery in business in China, but shares fell about 6% in after-hours trading after the comp...

Starbucks Projects Profit Growth From Tech, Stores, Workers Spending

Starbucks Corp projects profits to grow between 15% to 20% per share over the next three years, a significant increase from previous guidance.

Former Reckitt Boss Narasimhan Named New Starbucks CEO

Laxman Narasimhan may have no experience of running coffee shops, but the outgoing CEO of British packaged goods group Reckitt will bring insight into the...

Reckitt Chief Executive Narasimhan To Step Down

Reckitt Benckiser chief executive Laxman Narasimhan is to step down at the end of September after three years in the role, the company said in a statement.

Reckitt Price Hikes Drive 5.6% First-Quarter Sales Growth

Household products firm Reckitt beat first-quarter sales expectations, having increased prices to offset soaring raw material costs and flat volumes.

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New Reckitt Benckiser CEO Not Shying Away From Tough Decisions Early In Tenure: Analysis

Reckitt Appoints PepsiCo Executive As New CEO

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