Consumer
Starbucks Gains as Activist Starboard Reportedly Takes Stake
A barista prepares a drink at a Starbucks in New York.
Photographer: Gabby Jones/BloombergThis article is for subscribers only.
Starboard Value, an investment firm with a history of taking activist positions in companies, has a stake in Starbucks Corp., according to a report.
The number of shares owned by Starboard or its intentions couldn’t be learned, according to the Wall Street Journal, which cited people familiar with the matter.