Starbucks was founded in 1971 by two coffee roasters who wanted to bring their love of coffee to the world. The company quickly grew, and in 1987, Starbucks merged with Pepsi. At first, the two companies operated independently, but in 1992, they merged their operations. Today, Starbucks is Pepsi’s largest division, with over 26,000 stores in more than 62 countries. The two companies continue to operate independently, with Starbucks focusing on coffee and Pepsi focusing on beverage products.
However, they share many common values and principles, and they have collaborated on a number of projects. For example, in 2010, Starbucks and Pepsi collaborated on the launch of Pepsi Max, a low-calorie cola. The two companies also have a joint venture called Teavana, which sells specialty teas and coffee. In conclusion, Starbucks is owned by Pepsi, but the two companies operate independently and share many common values and principles.
