With these promotions, Belinda Wong will continue to serve as chairman of Starbucks China, focusing her attention toward delivering a holistic, long term strategy for Starbucks in the market, driving innovation through Starbucks Siren Ventures in China.
While revealing the ongoing negotiation with Starbucks Coffee International in a regulatory filing on Monday, the retail giant also mentioned that nothing has been fixed.
It reported a consolidated net loss of Rs 306.54 crore for the Financial year ended on March 31, 2021 and its revenue from operation was down 73.4 per cent Rs 400.81 crore.
Starbucks currently employs 3,664 staff across the UK. The coffee chain has expanded its drive-thru and delivery options as the public health policy restricted dine-in options.
Revenue from integrated multimodal logistics was down 34.1 per cent at Rs 123.64 crore in the latest December quarter as against Rs 187.58 crore in the year-ago period.