Starbucks Investments to Develop Future Leaders in China

Starbucks Investments to Develop Future Leaders in China
Starbucks Investments to Develop Future Leaders in China

Howard Schultz, chairman, president and chief executive officer of Starbucks Coffee Company (NASDAQ: SBUX) has reaffirmed Starbucks commitment to leverage the company’s combination of its employees and store footprint to deliver long-term growth through the lens of humanity.

Speaking at Beijing’s iconic Great Hall of the People, founder of the Starbucks Foundation, Howard Schultz, announced a total of US$3 million investment in China by the Starbucks Foundation spanning three years, including US$1.5 million to the China Soong Ching Ling Foundation (CSCLF), following his meeting with Mr. Hu Qili, chairman, China Soong Ching Ling Foundation.

The commitment, administered by Give2Asia, a social enterprise dedicated to building a civil society across Asia, furthers the eight-year partnership with CSCLF, designed to unleash lifelong educational and leadership opportunities for young people in China.

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“As Starbucks China has grown to now more than 1,200 stores in over 68 cities, and 20,000 partners, so too has our foundational aspiration to build a different kind of company in China; one committed to performance that is driven through the lens of humanity and locally relevant innovation,” said Schultz.

“Today, we are proud to honor and renew the Starbucks Foundation’s ongoing partnership with the China Soong Ching Ling Foundation to enrich the lives of Chinese youth and be a positive force in building their future success.”

In the picture above: Starbucks China hosted the first Partner Family Forum in Guangzhou where more than 1,200 partners and their family members attended the event which celebrated love, humanity and opportunity for partners (employees) in China.

RMN News

Rakesh Raman