A Starbucks Farewell and White Spot Celebrates 90 Years

12 Min Read By MRM Staff

This edition of MRM's Daily Bite features Starbucks, White Spot, Ruth’s Hospitality Group, Inc., Bardstown Bourbon Company, Russo’s Restaurants, LeaseQ and SEFA and ParTech, Inc. and Envysion.

Send news items to Barbara Castiglia at bcastiglia@modernrestaurantmanagement.com.

Schultz Bids Farewell to StarbucksHoward Schultz is stepping down as Starbucks executive chairman and member of the Board of Directors and will be honored with the title of chairman emeritus effective June 26.

During his four decades as ceo and chairman, Schultz grew Starbucks from 11 stores to more than 28,000 stores in 77 countries. Under Schultz’s leadership, Starbucks has delivered a 21,000 percent gain in the value of its stock price since its initial public offering in 1992. The company’s growth was fueled by his decisions to provide uncommon benefits for those who work for Starbucks, including comprehensive healthcare, stock ownership and free college tuition, even for those working…