Coffee giant Starbucks replaces boss after global sales slump
Source: BBC
The boss of Starbucks is leaving the company after less than two years in charge as the coffee chain looks for a fix for its flagging sales.Chief executive Laxman Narasimhan is stepping down and will be replaced by Brian Niccol, the head of Mexican grill chain Chipotle, the company said. The shake-up comes as Starbucks is grappling with a slump in sales amid a backlash to price increases and boycotts sparked by…
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