Deals
Starbucks Nearing Pact to Give Elliott Board Seat
- Coffee shop chain also considers new strategy committee
- Starbucks already exploring strategic partnerships in China
A Starbucks in Shanghai, China.
Photographer: Qilai Shen/BloombergThis article is for subscribers only.
Starbucks Corp. is discussing a settlement with Elliott Investment Management that would give the activist investor representation on the board of the coffee shop chain, people familiar with the matter said.
Seattle-based Starbucks is in talks to add Jesse Cohn, a managing partner at Elliott, to its board of directors, according to the people. Elliott could seek more than one representative on the Starbucks board, they said.