Starbucks, American coffee company, has run through several CEOs since it first went public and has experienced its fair share of drama.
The origins of the massive coffee chain date back to 1971, when the first store was opened by three friends — Gerald Baldwin, Gordon Bowker and Zev Siegl.
The first store was opened in Seattle, and each of the men invested $1,350 from their own pockets and borrowed $5,000 from a bank, according to Starbucks’ website.
When the company first launched, it was much different than it is today.
At its start, Starbucks sold products to be used at home, like coffee beans and teas. It wasn’t until Howard Schultz bought the company in 1987, that Starbucks became a café selling a variety of beverage products.
Since the company went public in 1992, Starbucks has gone through six CEOs, with Brian Niccol officially joining Starbucks Sept. 9, 2024.
Read full story at Fox Business.
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