Starbucks sells majority stake in China business to Boyu Capital
Starbucks will sell a majority stake in its $13 billion China business to Boyu Capital under a landmark joint venture.
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Starbucks will sell a majority stake in its $13 billion China business to Boyu Capital under a landmark joint venture.
PepsiCo has announced three protein-led innovations across its beverage portfolio, signalling a strategic shift from protein quantity to outcome-driven functionality. Launching in early 2026, Propel Clear Protein, reformulated Muscle Milk and Starbucks Coffee + Protein are each tailored to specific consumer occasions, combining scientific formulation with everyday convenience.
Starbucks is entering the functional beverage space with Protein Lattes and Protein Cold Foam drinks in the US, providing up to 36 grams of protein per grande and a range of flavours from Vanilla to Banana Cream Matcha.
Following a strategic review of its coffeehouse portfolio, the global coffee chain has announced plans to close stores in the US and UK and cut 900 US jobs.
Starbucks’ Pumpkin Spice Latte returns on 26 August 2025, accompanied by the new Pecan Oatmilk Cortado, returning seasonal drinks, and autumn food items.
Starbucks celebrates Independence Day with a bold, colourful Firework Frappuccino available across US stores for one week only.
Starbucks will eliminate the surcharge for non-dairy milk customisations, making plant-based milk options more accessible from 7 November.
Feeding America's Food Rescue Challenge will directly address the heightened levels of food insecurity across the US by encouraging increased levels of food rescue.
Denny’s has appointed restaurant veteran Alex Williams as its Senior Vice President, Chief Operating Officer.
Coffee giant Starbucks has partnered with DoorDash to expand its delivery service across the US.
This week’s roundup includes undeclared allergens and a pathogen causing numerous food and drink recalls in the UK and US.
New data has revealed that plant-based food retail sales have increased greatly in the last year, with some plant-based products outselling their conventional counterparts.
The New Food editorial team give you your rapid food and beverage update in just 60 seconds.
As Russian militants continue their war on Ukraine, many companies – including big names from the food and drink industry – have started to boycott Russia. Here's a round up of who has so far...
ProVeg's call comes after Starbucks recently announced new goals for reducing its environmental impact, as it claims climate-conscious consumers should not be charged extra.