William Ackman—Billionaire investor of Pershing Square Management—has a new target in his sights: Starbucks. He is well-known on Wall Street for his high-pressure strategies to encourage companies to change their ways in which he invests.
Recently, the investor stated in a New York conference that Pershing Square Capital Management—his hedge fund—has grabbed a stake worth about $900 Million in the coffee-shop giant Starbucks. After this deal, Starbucks shares have climbed approximately by 6% following the reports. In his presentation, Ackman stated that in the next 3 Years, Starbucks shares would surge two times comparing the present ones. He further added in his presentation that China will be supremely significant to the worth of Starbucks over the time. This signifies that China’s Starbucks is single-largest unit growth hope with the best store-level unit economics. In the U.S., Starbucks is predicted to grow in the South and Midwest region, Ackman reported describing his trade as an extraordinary opportunity to own one of the best businesses globally at this discount rate. On this deal, Starbucks has said that it would consider Ackman’s feedback. A Starbucks spokesperson reported to CBS MoneyWatch that the company studies the active dialogue with the shareholders and take it as a critical input into the strategic approach.
Recently, Starbucks was in news for introducing #PINKVOICE campaign in Indonesia. This is a campaign for breast cancer awareness for October month and would be featuring three delightful pink drinks. It has various drinks such as the Serious Strawberry Frappuccino and the very popular Pink Drink. In October, the latest available pink drinks are the Strawberry Cold Foam Iced Espresso, the Iced Pink Macchiato, and the Fantasia Yoghurt Frappuccino as a part of the campaign. #PINKVOICE is a joint achievement from the non-profit breast cancer advocacy, Lovepink Indonesia (awareness organization), and Starbucks Indonesia. This year the idea of the #PINKVOICE campaign is “Chat That Matters.” It is supported by the concept of “Talk About, Share It, and Save More.” The concept hits to break the stereotype that prevents people from discussing breast cancer.