Starbucks’ old CEO did not know how to make coffee and did not drink it. I do not understand how he was selected as CEO, and he was subsequently fired after more than 16 months. He tried to work as a barista in a store to learn the basics of business.
The new CEO is beneficial for the short term; however, when he leaves Starbucks, the company will likely never recover as well as Chipotle.
Luckin has opened a few stores in New York, and its coffee is 35% or more cheaper than Starbucks.
Unemployment, inflation, and the like would not allow us to stay static by buying expensive drinks.
Starbucks has many problems, even God and Jesus cannot help.
Starbucks, Adios Amigos
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