Bragar Eagel & Squire, P.C. Litigation Partner Brandon Walker Encourages Investors Who Suffered Losses In Starbucks (SBUX) To Contact Him Directly To Discuss Their Options
Food company Cuisine Solutions, which makes egg bites for Starbucks and sous vide grass-fed beef sirloin for Costco , has hired investment banks to explore a sale next year that could value the private, family-owned company at over $2 billion, according to people familiar with the matter.
At about $85.35 a share, Starbucks (SBUX) is trading roughly 25% below its 52-week high as investors weigh slower traffic trends, near-term margin pressure, and a turnaround that is taking longer to play out.
The Starbucks workers' union said on Thursday hundreds of new union baristas are walking out of their jobs in 34 cities, joining the strike which has been escalating since it began last month.
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Starbucks Workers United held a rally in New York City outside the Empire State Building as its open-ended strike continued for a third week. Baristas launched a strike on Starbucks Red Cup Day last month, seeking new proposals from the company at address its top issues to finalize a contract.
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