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Schultz, who struggled for more than a year to raise the capital to start Il Giornale, now had to go back to his investors—and find some others—to raise even more money to buy Starbucks from...
- When Big Businesses Were Small
Starbucks CEO Howard Schultz Got the World Hooked on Lattes....
- When Big Businesses Were Small
Oct 22, 2015 · In August 1987, Il Giornale bought Starbucks for $3.8 million, and Schultz became CEO of Starbucks Corporation. At the time, there were six stores.
Aug 25, 2014 · The Starbucks board was reluctant to send 10,000 partners to New Orleans at a cost of $30 million, but Schultz stuck to his guns.
- HBS Working Knowledge
Dec 13, 2017 · Howard Schultz, Starbucks' longtime CEO and chairman, is a self-made billionaire who revolutionized the coffee industry. Schultz came from humble beginnings, growing up in public housing in...
Oct 10, 2019 · The Complicated Sonics Ownership of Howard Schultz - The Ringer. Sonic Boom. From Ground Beans to Grounded: Meet the Man Who Tried to Run the SuperSonics Like Starbucks. Around the turn of the...
- Jordan Ritter Conn
I announced that we were going to take basically the money we were using to stock buybacks for the year—I think it was north of $2 billion—and invest back into the people of Starbucks, the partners, which I did.
Jun 7, 2024 · In 1987, Schultz seized the opportunity to purchase Starbucks for $3.8 million. He merged it with his own company, Il Giornale, and began to rapidly expand the Starbucks brand. Under his leadership, Starbucks then embarked on an aggressive expansion, growing from 11 stores in 1987 to over 30,000 globally today.
