Schultz, who already had transitioned away from running the chain's day-to-day operations and passed the reins to Chief Executive Kevin Johnson, announced this month that he would be leaving his post as executive chairman effective June 26.
After stepping down as Chief Executive in 2017, Schultz, had taken up the post of executive chairman. He will be stepping away from the company after nearly four decades of service to mull a "range of options".
It made $3.24 billion in China/Asia Pacific revenue in the past financial year while operating income was $764.8 million, according to the report calculation. A breakdown for China alone was not immediately available.
The annual study includes more than 3,000 brands across 300 categories ranging from life insurance and luxury automotive to mid-market hotel and TV network, asked more than 77,000 consumers to rate randomly selected brands for familiarity, quality etc.
Starbucks has launched its latest sweet and salty drink, the Pop-’Zel Frappuccino. An innovative blend of Coffee Frappuccino with flavours of caramel popcorn and pretzel, this beverage offers an experience of whipped cream and caramel drizzle for the fine
More than 25 million trees have been donated thus far with the initial distribution of 10 million having started in the summer of 2016, the company said.