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City

Reckitt reveals big price hikes as US baby formula business booms

Dettol maker Reckitt has hiked prices for customers rapidly over the last year yet has continued to sell more products, the company has revealed. The business said on Wednesday that it had increased prices by 9.7% in the second quarter of the year, ...

27 Jul 2022 at 11:11

City

Reckitt boss to leave after three years at the helm

Household goods giant Reckitt has revealed that chief executive Laxman Narasimhan will step down at the end of the month to move back to the US after three years in the role. The Dettol-to-Vanish firm said Mr Narasimhan will leave on September 30 ...

01 Sept 2022 at 09:09

World

Starbucks names Laxman Narasimhan as new chief executive

Starbucks has named Laxman Narasimhan as its new chief executive. The coffee giant said Mr Narasimhan will join Starbucks on October 1 after relocating from London to Seattle, where the firm is based. He will work closely with Starbucks’ interim ...

01 Sept 2022 at 23:30

World

New Starbucks CEO plans to work in stores once a month

Starbucks’ new CEO, Laxman Narasimhan, has said he plans to work a half-day shift once a month in one of the company’s stores in an effort to stay close to the firm’s culture and customers. Mr Narasimhan, who became CEO earlier this week, said ...

23 Mar 2023 at 18:29

City

New Starbucks boss faces online storm over 1,000-mile commute by private jet

Starbucks’ incoming chief executive, Brian Niccol, is under fire over the company’s offer for him to commute around 1,000 miles (1,600km) by private jet. Social media users were quick to criticise the world’s biggest coffee shop chain over ...

22 Aug 2024 at 20:02

World

Starbucks boss replaced by Chipotle chief executive Brian Niccol

Starbucks has announced that it is replacing its chief executive Laxman Narasimhan with Chipotle boss Brian Niccol, a move which saw the company’s shares jump more than 20%. The Seattle coffee giant named Mr Niccol as its new chairman and ...

13 Aug 2024 at 22:24

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