Starbucks ‘Dragged Into’ Presidential Race as Schultz Considers Run
- Coffee chain’s U.S. growth plans hinge on red state expansion
- Left-leaning markets also find fault with potential 2020 bid
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Big consumer brands generally try to avoid politics. Starbucks might not have a choice.
With Howard Schultz, who built Starbucks Corp. into a global brand, considering an independent run for the White House, the world’s largest coffee chain could get pulled into the contentious politics of a presidential election. And while it’s toed a political line in the past with public stances on hot-button issues, a Schultz run could take that to a whole new level -- perhaps to the detriment of the chain’s U.S. growth plans.