Latest Developments in the Restaurant Industry: Starbucks China's New Chief Growth Officer, Brewery Concept Sale, Meal Deal Battle, and More
The recent updates in the restaurant industry, including Starbucks China's strategic move, SPB Hospitality's brewery concept sale, Chili's and Applebee's meal deal battle, and 7 Brew's new Chief Marketing Officer.
Photo by Shaolong Duan on Unsplash
Photo by Shaolong Duan on Unsplash
Starbucks China's Strategic Move with Chief Growth Officer
Starbucks China has recently appointed Tony Yang as its first chief growth officer, signaling a strategic shift to enhance performance in the intensely competitive market. With Starbucks China being the second-largest market for the coffee giant, the move highlights the company's focus on driving growth and innovation amidst stiff competition, particularly from brands like Luckin Coffee.
