The first Starbucks coffee shop was opened in Seattle, Washington, in 1971 by Jerry Baldwin, Gordon Bowker, and Zev Siegl.
In 1988, current CEO Howard Schultz bought the small chain and expanded it quickly.
By 1992, there were 165 locations. The company went public the same year.
In 1996, the first non-US store was opened in Tokyo. A UK location was opened in 1998.
In 2003, Starbucks acquired Seattle’s Best Coffee, which brought the total number of locations to over 28,00 In 2017, the company had annual revenue of $22.368 billion yet in November of 2018, the company cut its workforce by 5%.
Starbucks acquired Seattle’s Best Coffee in 2012 for a mere $7 million when the company was being liquidated due to bankruptcy proceedings.
In early 2019, owner and CEO Howard Schultz stated that he was running for president in 2020 as an independent.
The company received criticism in early July 2019, after one barista in Tempe, Arizona, asked a group of police officers to move out of sight or leave entirely because a customer complained that they did not feel safe.
In mid-March 2020, Starbucks closed their dine-in locations and offers only drive-through or pick-up due to the coronavirus pandemic. It left a re-opening date open at this time.
There are currently more than 28,000 locations in 61 countries worldwide. Starbucks is the largest coffeehouse in the world.