Starbucks’ Schultz announces halt to stock repurchasing program as he returns

The move comes as the company faces realities including pinched supply chains, effects from the coronavirus pandemic and heightened tensions and political unrest.

Starbucks Chairman Howard Schultz drinks water before the announcement ceremony to celebrate the establishment of the Starbucks China Education Project in Beijing September 19, 2005.

(photo credit: REUTERS/ALFRED CHENG JIN)

ByREUTERS

APRIL 4, 2022 11:07

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