Starbucks Suspends Buybacks to Invest in Operations as Schultz Returns

As he retakes the reins at Starbucks, Howard Schultz says the suspension of billions of dollars in share repurchases is necessary to invest in operations

Howard Schultz, who built Starbucks into a global chain, says the move is necessary to invest in operations as he retakes the company’s reins

Starbucks is navigating rising costs and a broadening unionization push among U.S. baristas, while it plans to build thousands of new cafes around the world in the coming years.Corp. said it is suspending billions of dollars in share repurchases, a move that interim Chief Executive OfficerPausing the buyback program, which Starbucks initiated last fall, represents the best way for the company to invest in its next phase of growth, Mr.

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