Core Insights - Starbucks is implementing a turnaround plan that includes closing unprofitable locations and cutting corporate jobs to improve financial performance [1][2][4] Store Closures and Job Cuts - The company plans to reduce its store count by approximately 1% in Canada and the US this fiscal year, resulting in nearly 18,300 total company-operated and licensed stores by year-end [1] - Starbucks will eliminate 900 non-retail roles and close open positions as part of a $1 billion restructuring effort [2] - Earlier this year, Starbucks laid off 1,100 employees, and the savings from these layoffs will be reinvested into enhancing customer service and store designs [3] Financial Performance - Starbucks reported its sixth consecutive quarterly drop in US same-store sales, with a 2% decline, which was less than the anticipated 2.5% drop [4] - The decline in same-store sales was driven by a 4% decrease in comparable transactions, which was better than Wall Street's expectation of a 4.5% decline [4] Strategic Focus - The company is reassessing its store portfolio, identifying locations that do not meet customer expectations or financial performance criteria for closure [5] - Starbucks plans to invest in 1,000 locations over the next 12 months to enhance the customer experience, moving away from a pick-up-focused model [5] Customer and Employee Reactions - Customers have begun sharing information on social media about local store closures, with some locations closing as soon as the following day [6] - The closure of the Reserve Roastery in Seattle, a unionized location, has garnered significant attention on social media [7]

当地时间9月25日，星巴克（Nasdaq：SBUX）在官网公布了董事长兼CEO倪睿安（Brian Niccol）发布 致北美合作伙伴的公开信称，为支持"重回星巴克"计划，公司批准了一项重组计划，该计划涉及关闭部 分门店以及缩减岗位。 此外，星巴克正在考虑出售中国地区业务。今年6月，据知情人士透露，高瓴资本参与了星巴克中国区 的反向管理层路演，目前交易结构尚未敲定。星巴克中国业务估值约为50至60亿美元。 当天，星巴克发布在美国证券交易委员会的文件显示，大部分门店关闭将在本财政年度结束前完成。公 司估计，将产生约10亿美元与门店关闭、支持组织转型和其他重组活动相关的费用，其中90%的费用归 属于北美业务。公司进一步预计，在产生的重组费用总额中，公司估计约有1.5亿美元与员工离职补偿 （employee separation benifits)，约有4亿美元与公司经营的商店资产的处置和减值有关。 值班编辑：苏小 这是倪睿安上任以来的第二次裁员。今年2月，倪睿安宣布裁员1100人，但不包括星巴克中国的员工。 对此，星巴克中国对第一财经记者表示，门店拓展仍是星巴克中国业务增长的关键驱动力。我们严谨管 理全国门店布局， ...

Group 1 - Starbucks has announced a restructuring plan that includes closing certain stores and reducing staff, with an estimated cost of approximately $1 billion related to store closures and organizational transformation [1] - The company plans to provide $150 million in employee separation benefits as part of the restructuring, which will involve the elimination of around 900 positions [1] - Most store closures are expected to be completed by the end of the current fiscal year, with 90% of the restructuring costs attributed to North American operations [1] Group 2 - Starbucks is considering the sale of its China operations, with a valuation estimated between $5 billion and $6 billion [2] - Hillhouse Capital has reportedly participated in a reverse management roadshow for Starbucks' China business, although the transaction structure has not yet been finalized [2]

当地时间9月25日，全球知名咖啡连锁巨头星巴克公司董事长兼CEO倪睿安（Brian Niccol）发布致北美 合作伙伴的公开信，称为支持"重回星巴克"计划，公司批准了一项重组计划，该计划涉及关闭部分门店 以及缩减非零售岗位。 当天，美国证券交易委员会披露的文件显示，预计此次星巴克重组成本将达到10亿美元，包括关闭门 店、支持组织转型及其他重组活动，其中90%的费用来自北美业务。 星巴克表示，为扭转销售下滑局面，拯救承压的业绩，将关闭北美业绩不佳的门店，其中包括位于美国 西雅图国会山（Capitol Hill）的Reserve Roastery。该门店也是星巴克全球首家臻选烘焙工坊，距离公司 总部仅数分钟车程。 全球首家星巴克臻选烘焙工坊即将关闭。 据倪睿安介绍，到2025财年末，美国和加拿大星巴克门店总数（直营与授权）将保持在近18300家。 此外，星巴克正在考虑出售中国地区业务。据科创板日报报道，星巴克已将博裕资本、凯雷集团、EQT 与红杉中国列为中国业务出售的最终候选方。这项收购案已进入最后一轮谈判阶段，预计将在10月底前 敲定结果。 当地时间7月29日，星巴克发布2025财年第三季度（截至2025年6月 ...

Core Viewpoint - Starbucks has announced a restructuring plan to support its "Return to Starbucks" initiative, which includes closing certain stores and reducing staff, with an estimated total restructuring cost of approximately $1 billion [1][2]. Group 1: Restructuring Plan - The restructuring plan involves closing underperforming stores and eliminating around 900 positions [1]. - The company estimates that approximately $150 million of the restructuring costs will be related to employee separation benefits, and about $400 million will be associated with the disposal and impairment of store assets [1]. Group 2: Financial Performance - For the third fiscal quarter of 2025, Starbucks reported total revenue of $9.456 billion, a year-over-year increase of 3.8%, while net income attributable to shareholders was $558 million, a decline of 47.1% year-over-year [2]. Group 3: Business Strategy in China - Starbucks is considering the sale of its China operations, with an estimated valuation of $5 to $6 billion [2]. - The company emphasizes that store expansion remains a key driver of growth for its business in China, focusing on creating a high-quality store portfolio that delivers good returns and a unique Starbucks café experience [2].

这是倪睿安自2024年9月上任以来的第二次裁员。今年2月，倪睿安宣布将裁员1100人，但不包括星巴克 中国的员工。公开信息显示，星巴克目前在全球共有约1.6万名公司员工，其中1万人在美国，其余6000 人则在全球其他地区。 星巴克表示，为扭转销售下滑局面，拯救星巴克承压的业绩，将关闭北美业绩不佳的门店，其中包括位 于美国西雅图国会山（Capitol Hill）的Reserve Roastery，该门店也是星巴克的全球第一间臻选烘焙工 坊，距离公司总部仅数分钟车程。 星巴克董事长兼CEO倪睿安表示，根据计划，截至2025财年末，星巴克在美国和加拿大的门店总数将减 少1%，即关闭数百家门店。公司预计，大部分门店关闭工作将在2025财年结束前完成。同期，公司将 在重组过程中裁减约900个工作岗位，主要涉及非零售合作伙伴职位，并关闭许多空缺职位。 【#星巴克推10亿美元重组计划#，涉及关闭部分门店以及缩减非零售岗位】#星巴克上百家门店被关# 据智通财经报道，当地时间9月25日，全球知名咖啡连锁巨头星巴克公司董事长兼CEO倪睿安（Brian Niccol）发布致北美合作伙伴的公开信，称为支持"重回星巴克"计划，公司批准 ...

Core Viewpoint - Starbucks is implementing a $1 billion restructuring plan, which includes laying off approximately 900 non-retail employees and closing some North American stores to address a sales slump in its largest market, the US [1][2]. Group 1: Restructuring Plan - The restructuring plan will result in a 1% decline in the number of company-operated stores in North America for fiscal year 2025, factoring in both openings and closures [2]. - About 90% of the $1 billion restructuring costs are expected to be related to the North America business, with a significant portion of these expenses incurred in fiscal year 2025 [2]. - The CEO emphasized prioritizing investments closer to the coffee house and customer to reverse the ongoing sales decline [2]. Group 2: Sales Performance - Store sales have been negative for six consecutive quarters, indicating a persistent downturn in performance [3]. - The current CEO, Brian Nickel, has been in the role for over a year and has already conducted two rounds of layoffs, including a previous elimination of 1,000 positions primarily at corporate headquarters [3]. Group 3: Investment and Strategy - A $500 million investment is being made into labor and hospitality, focusing on the Green Apron service model, which is considered one of the largest investments in labor and hospitality in the company's history [4][6]. - The turnaround effort is described as a multi-year process, with no specific timeline provided for when improvements are expected [5]. Group 4: Market Reaction - Following the announcement of the restructuring plan, Starbucks stock initially rose slightly but later turned lower, reflecting market uncertainty about the effectiveness of the turnaround strategy [4].

星巴克公司9月25日在致北美合作伙伴的信中表示，公司批准了一项重组计划，该计划涉及关闭部分咖 啡店，并进一步转型公司的支持组织架构。公告显示，该战略将取消约900个当前的非零售合作伙伴职 位，并关闭许多空缺职位。公司预计本财年末将完成大部分门店关闭工作。公司估算与门店关闭、支持 组织转型及其他重组活动相关的支出约为10亿美元，其中90%的费用归属于北美业务。 ...

Core Viewpoint - Kaisa Group Holdings Limited has successfully withdrawn its petition for liquidation as of September 22, following a joint application by various parties, indicating progress in its restructuring efforts [1]. Group 1 - On September 1, Kaisa announced the issuance of 2.1 billion shares to cover the working expenses of the creditor group as part of its restructuring preparations [1]. - The company is working towards meeting the remaining conditions for its restructuring, which is expected to be effective by the end of September 2025, contingent upon the fulfillment or waiver of the plan's conditions [1]. - Kaisa will provide further announcements to inform shareholders and other investors about any significant developments regarding the restructuring [1].

Core Viewpoint - The stock of Overseas Chinese Town A experienced a significant increase, reaching a peak of 2.7 yuan per share, up 8%, with a trading volume of nearly 1.2 billion yuan, attributed to rumors of a potential company restructuring [1] Summary by Categories Stock Performance - The stock price of Overseas Chinese Town A surged to 2.7 yuan per share, marking an 8% increase [1] - The trading volume approached 1.2 billion yuan, indicating strong market interest [1] Company Response - A representative from Overseas Chinese Town expressed surprise at the stock's performance and stated that any significant developments, such as a restructuring, would be announced officially [1] - The company has not received any information regarding the rumored restructuring, emphasizing the need for formal announcements for major events [1]