Starbucks announces a significant shift with plans to close 1% of its North American stores and lay off 900 employees as part of a $1 billion restructuring. This move reflects changing consumer habits and increasing competition in the coffee market.
In a surprising turn, Keurig Dr Pepper is splitting into two distinct companies following its $18 billion acquisition of Peet's Coffee. This strategic move aims to enhance growth and focus on diverse beverage markets.
