(AOF) – Starbucks, whose stock fell by almost 1% in pre-market trading, announced the departure of its general manager Howard Schultz from the board of directors of the coffee chain. The former emblematic boss of Starbucks remains its president emeritus. He had prepared his succession by handing over management of the group to Laxman Narasimhan in March.
Howard Schultz “transformed Starbucks from a small company selling only whole beans” to today’s company, which has “more than 36,000 stores in 86 markets around the world,” and “IPOed on June 26 1992,” the Seattle-based group said in a press release.
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Global tourism still on the rise
Over the first nine months of 2022, 700 million tourists traveled internationally, more than double (+133%) the figure recorded for the same period in 2021. This figure reached 63% of 2019 levels , which should allow the sector to reach 65% of its pre-pandemic levels in 2022. This result is due to a high level of demand and the gradual lifting of restrictions in a large number of countries. Europe is significantly supporting this rebound with the arrival of 477 million people between January and September 2022 (68% of the global total), reaching 81% of the pre-covid level. Tourism there is driven by strong intra-regional demand and travel from the United States. Some destinations saw notable increases in revenue, including Serbia, Romania, Turkey, Latvia, Portugal, Pakistan, Mexico, Morocco and France.