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Founded in Seattle in 1971, Starbucks is a well recognized brand in the world.  Best known for the distinguished taste and quality of its coffee and its customer experience, the Company is now worth more than $ 113 billion.  Let’s take a look at some unknown facts about this popular coffee retailer.

Unknown facts about Starbucks

1) Although Howard Schultz is synonymous with Starbucks, the multinational coffee chain was first started by two teachers and a writer, Zev Siegl, Jerry Baldwin and Gordon Bowker  respectively. The three owners sold the Company to Schultz in 1987.

2) Starbucks was almost named Pequod, which was the name of the whaling ship in Herman Melville’s Moby-Dick.  The Company changed Pequod to Starbucks, which was another character in Melville’s novel.

3) The Company has incredible business ethics and takes good care of its employees.  Starbucks spends more money on its employees’ health insurance than on coffee beans.

4) Starbucks is very strict about anything interrupting the aroma of its freshly ground coffee as the aroma is a crucial part of the Starbucks experience.  Starbucks banned smoking cigarettes inside its stores and does not allow its employees to wear any kind of perfume or cologne.

5) Starbucks established many secret stores around Seattle.  These Starbucks stores are disguised as normal indie coffee shops.  Among these secretive stores, Roy Street Coffee and Tea is the place where the Company tests its new recipes and products.

6) There is a Starbucks store inside the Langley, Virginia Complex of the Central Intelligence Agency (CIA,) which is called “Stealthy Starbucks” or “Store No. 1.”  The baristas in this store undergo critical examinations before getting hired.

7) The Company, following its eco friendly policy, has opened several stores inside retired shipping containers since 2011.  These stores are generally used as drive throughs only.

8) A Starbucks grande coffee contains 320 milligrams of caffeine, which is four times the amount of caffeine you would find in a can of Red Bull.

With an annual revenue of $ 24.71 billion in 2018 and nearly 30,000 stores worldwide, Starbucks has established itself as the world’s best coffee retailer.

 

Which of these facts about Starbucks did you find interesting?  Comment below and let us know.

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Stories

Starbucks In Japan Introduces Pen To Pay For Coffee

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Starbucks In Japan Introduces Pen To Pay For Coffee,Startup Stories,Latest Business News 2019,New Technologies Updates,Starbucks Japan Launches Special Pen,Starbucks Japan,Pay For Coffee,New Coffee Buying Pen,Starbucks Latest News

Japan is famous for being technologically advanced and is known for its brilliant innovations.  Starbucks in Japan is also following the trend and has been introducing various technologically driven products.  These products are quite useful and help make the customers’ shopping experience better. Starbucks’ stores in Japan have a whole range of products which can be used by the customers to pay from a digital wallet.  The range of products comes under the “Starbucks Touch” category and includes items like a flask, phone case and a wallet called The Hug. 

Now, Starbucks added another product, a pen, to their Starbucks Touch collection.  Starbucks collaborated with Japanese stationery company Zebra to release the pen. Called Starbucks Touch The Pen, the pen is designed as a drip coffee machine and includes coffee brown gel ink, which is a constant reminder of a perfect cup of coffee. 

The pen, just like other products in the collection, comes with a near field communication (NFC) reader embedded in it.  NFC is a kind of technology which allows the transfer of information between two devices, when placed next to each other.  The pen works using the FeliCa technology, which is a smart card system introduced by Sony and is widely used in Japan. The FeliCa technology is also used in the Starbucks domestic card system. 

The pen is available in black, white and silver and can only be purchased from the Starbucks online store.  The pen is priced at 4,000 yen ($ 37.46) and includes a preloaded amount of 1,000 yen ($ 9.37,) which is stored in a digital wallet.

Although the Touch Pen is not that different from the existing online payment options, the device can be considered a part of new technologies which can contribute to saving customers’ time. 

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Gucci Unknown Facts

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Gucci, the famous Italian luxury brand known for its innovative designs, is adored by many.  Gucci is considered one of the most valuable brands in the world, with a brand value of $ 18.6 billion.  Here are some unknown facts about this reputed Italian brand.

Unknown facts about Gucci

1) Gucci was founded by an Italian fashion designer named Guccio Gucci.  Guccio Gucci was in his 40s when he started his business. He was inspired by celebrities like Marilyn Monroe, Frank Sinatra and Winston Churchill, whom he met while working as an elevator operator at London’s Savoy Hotel.  Guccio wanted to create a brand which would be adored by every celebrity in the world.

2) It is well known celebrities around the world are huge fans of the brand.  However, American rapper 2 Chainz took his Gucci obsession to the next level when he said, “When I die, bury me in a Gucci store.”

3) Gucci is famous for its floral scarves.  These scarves were designed by Guccio Gucci’s son Rodolfo Gucci for famous Hollywood actress and Princess of Monaco, Grace Kelly.

4) The Company suffered from bankruptcy after news of Aldo Gucci’s tax evasion was made public by his son Paolo Gucci.  To control the damage caused by the scandal and to boost its sales, the Company hired famous American designer Tom Ford as its creative director.  Tom Ford modernized the brand and increased its sales by 90 %.

5) In 1998, a jeans created by the brand found a place in the Guinness World Records as the most expensive jeans in the world.  Named “Genius Jeans,” it was sold for $ 3,134 in Milan.  However, the record was then broken by Levi’s, which sold a pair of jeans for $ 60,000 in 2005.

6) During World War II, when Italy was under the rule of dictator Benito Mussolini, the brand found it difficult to acquire leather.  This forced Gucci to experiment with other materials like silk and bamboo. 

7) In 2017, Gucci became the first brand in history to host a fashion show at the famous Westminster Abbey in London.

Which of these unknown facts about Gucci surprised you the most?  Comment below and let us know.

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Ex Facebook Employee Reveals How He Made $ 1 Million In A Year

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Patrick Shyu, a YouTuber who previously worked as a tech lead at Google and software engineer at Facebook, uploaded a video discussing his income after leaving the giant companies.

Shyu, whose channel TechLead has more than 500,000 subscribers, said in the video while others prance around in their business suits, driving Jaguars and acting self important, he made a million just by sitting in his toolshed, sipping coffee.

Shyu was able to generate such a huge amount from two primary sources—YouTube, which Shyu considers his main job and Facebook, which is his “side hustle gig.”  By making YouTube videos, Shyu made over $ 240,000 from ad revenues over a period of 12 months and another $ 260,000 from affiliate sponsorships. While at Facebook, Shyu made a total of $ 500,000 from base pay, bonus and equity, before getting fired.  After adding both the incomes, the total comes to a million dollars a year, Shyu explained in the video.

Even though making a million may sound easy, Patrick Shyu discussed how difficult it is in reality.  Shyu had to work 80 hours a week continuously. This included working from 8 A.M., to midnight every day, including Sundays.  While Shyu urged people not to follow his footsteps, he did acknowledge how beneficial it is to have a second job to boost one’s income.

Patrick Shyu admitted he was able to make more money as a YouTuber than he did working at Google and Facebook.  However, there is a downside to earning such a large amount as one does not have enough time to enjoy the money they are earning.  In Patrick Shyu’s words, he had to sacrifice gaming, movies and spending time with family in order to earn the million dollars. 

 

Earlier, Patrick came into the limelight when he uploaded a video titled Day in the Life of a Facebook Software Engineer.  In the video, Shyu explained the reason behind him getting fired from Facebook was his YouTube channel.  He further explained the Human Resources at Facebook did not like his YouTube channel, resulting in him being fired.  In the same video, Shyu also ridiculed the work culture at the Company.

 

Even with the disadvantage, Shyu put more emphasis on how important establishing a business is.  He concluded the video with the statement that there is always a fear of being replaced when working under someone.  However, working on your own business gives you the freedom of generating as much revenue as you want on your own conditions.

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