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A Starbucks coffee cup is seen outside a Starbucks coffeeshop in Washington, DC (Saul Loeb/AFP via Getty Images)
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Cinnamon, Sharpies, and the 1990s: Brian Niccol’s plan to save Starbucks

The strategy? Make it 1997 again through science or magic.

Max Knoblauch

Brian Niccol was hired to turn things around at Starbucks, and the new CEO is already bringing in some of that classic Niccol heat.

The former Chipotle boss, who oversaw the development of Chipotlanes (drive-throughs) and an 800% increase in the companys share price from 2018 to 2024, has spent a sizable chunk of his first 52 days at Starbucks coming up with ideas to return the $110 billion global chain to its former glory.

A nonexhaustive list of those plans (which, perhaps notably, does not include changing or improving the taste of the coffee in any way whatsoever):

If most of these ideas sound like just Starbucks in 1998, thats by design. Niccol said he wanted the chain to reclaim the third place vibe customers once associated with it and pivot back toward the idea of a community coffeehouse.

The test for Niccol and Starbucks will be if misspelling customer names (charming) and trusting customers with their own milk (homey) will be enough to snap three straight quarters of declining sales, cover its free fall in China, or make up for the nearly $250 million it spent fighting its workers unionization efforts (mostly unsuccessfully).

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Ford dips as another large fire breaks out at the New York Novelis aluminum plant

Shares of US auto giant Ford are down more than 2% on Thursday morning following reports of another major fire at its primary aluminum supplier’s plant in Oswego County, New York.

Local media reported that a four-alarm fire broke out at the Novelis plant, which supplies 40% of the aluminum sheet for the US auto industry, on Thursday morning.

Last month, Ford said a September fire at the plant would hit its earnings by between $1.5 billion and $2 billion in the fourth quarter. The company said it would be able to mitigate about $1 billion of that next year.

As of 10:15 a.m. ET, local officials said the fire is under control and everyone had been safely evacuated. Novelis previously said it would be able to restart operations at the part of the plant most damaged by the September fire next month.

Last month, Ford said a September fire at the plant would hit its earnings by between $1.5 billion and $2 billion in the fourth quarter. The company said it would be able to mitigate about $1 billion of that next year.

As of 10:15 a.m. ET, local officials said the fire is under control and everyone had been safely evacuated. Novelis previously said it would be able to restart operations at the part of the plant most damaged by the September fire next month.

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Archer Aviation strikes deal to supply electric propulsion system to Anduril, bolstering its path to revenue

Archer Aviation announced its new agreement with Anduril after the market closed on Monday.

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