Starbucks can be found all over the world, from Shanghai to Guantanamo Bay. But there is one continent that was uninterested in the coffee giant. Australians largely rejected Starbucks’ attempted takeover, which led to an embarrassing retreat for the brand.
» Subscribe to CNBC: http://cnb.cx/SubscribeCNBC
About CNBC: From ‘Wall Street’ to ‘Main Street’ to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more.
Connect with CNBC News Online
Get the latest news: http://www.cnbc.com/
Find CNBC News on Facebook: http://cnb.cx/LikeCNBC
Follow CNBC News on Twitter: http://cnb.cx/FollowCNBC
Follow CNBC News on Google+: http://cnb.cx/PlusCNBC
Follow CNBC News on Instagram: http://cnb.cx/InstagramCNBC
#CNBC
#Starbucks
Why Starbucks Failed In Australia | CNBC
source
Basically it's because their coffee is pisswater and they can't pay their employees $5/hr
Lmao Starbucks is literally packed every time I’ve walked past.
Starbucks just plain sucks!
Their coffee really sucks. That's the reason. The same reason why Dunkin Donuts failed in Poland
Australians are known for their sophisticated taste. And dance moves.
Um,are you talking about the country or the entire continent?
We support locals who struggle to make their living by making excellent coffee rather making billions to the billionaires
Good job, Australia
They failed in Vietnam too
Starbucks just like coffee-flavoured water, not a real coffee. The same failure happened in Vietnam. Not because of crisis, not market saturation, just bad coffee.
Then why it is so popular in other countries like India!! Just for hype??
Don't count them out. This year 2024 they made a profit and are increasing popular with young Australians who despise Australia's snobby coffee culture. Starbucks are being run by Russell Withers who turned around 7 Eleven stores to a profit in Australia. He never picks a loser.
Australia a continent? Seriously?
T.I.
Bro failed in Australia and Viet Nam😂
https://youtube.com/shorts/My6knhR1vYg?feature=share this is why
Starbucks got their rear handed to them by even 711 here in Australia, let alone Gloria Jeans or my personal faviourate chain: Toby's. It taste mediocre yet overpriced.
please next time do not use that kind of background music.
5 year update from an Australian
Gloria Jeans is still around but it's not really that big anymore – some google searchs show there's around 153 (compared to 400+ at the time of the video)
Local coffee places still reign supreme
Funny how Starbucks fail story in Australia is very similar to that of my home country of Brazil, a very different place with a whole different consumer market but also with a strong coffee culture and where Starbucks is considered just bad and expensive. The company is also struggling in Brazil.
1:12 is this guy talking about coffee or women?
Anyone else shocked to learn that Gloria Jean's is American?
in short, american arrogance and exceptionalism cost them. Kudos to Australians for holding true to their local coffee identity.
and now Gloria Jeans is dead too
Since when Australia is a continent???
Australia is not a continent Oceania is lol
❤️
BGM really interrupts the voice.
:/
Good morning! Thank you very much for the News and feedback. It is very sad. Harry always mess us. We will continue with him… More damages.
It was the coffee.
UK is ripping off Billions of pounds from international students specially from subcontinent
➡️UKVI charges 1000£ visa processing fee which includes 500£ for misnomer priority service.Not paying for prority service means no visa or delay plus delay also known as "Not straightforward"
➡️Each international student pays an average 17000£ just as tuition fee, thus UK earns 110.4 Billion pounds from tuition fees every intake term
alone.Groceries,accomodation,transport facilities used by students add separately to thier economy.
➡️UK's Health system is obsolete,it is so slow that students can not find appointments any time sooner but with two years of wait.A hefty 2000£ health surcharge for nothing, literally for nothing.
➡️You go through medical TB test, Biometrics,Document scanning,Visa processing,Health surcharge,interview,verifications,developed vetting and you pay at each stage but UKVI will neglect you as if illegal entrants are more welcome than legal entrants.
➡️UK has shortened its post study work visa to 6 months only.Law is in the pipeline.
➡️UK has stopped student spouse visa while many other countries provide this benefit.
➡️UK requires a mature bank statement locking thousands of dollars in bank accounts for upto six moths which otherwise could have created more wealth.
➡️UK sucks remaining blood from students by making them work under-payed jobs,for they are good source of cheap labour.Students don't even ask for perks like pension,health insurance, medical allowance, travel allowances,accomodation etc.
➡️After UK is done with students, it will kick them out without any prior notice.
➡️UK's sole source of income has been through colonization over other countries and immigrant exploitation.
➡️UK has very strange and vile asylum policy, it often shelters most wanted criminals who ran from other countries, just for the sake thier financial investment,it often rejects clean profiled but threatened people.
➡️UK's councils are going bankrupt quickly
➡️UK has stopped funding its arts scholarships and only Stem subjects continue to receive govt funding.
➡️As a disease progresses, its symptoms start showing, UK is sending 2 million brits permanently to Australia.Deal is in pipeline and soon will be realised.
➡️If you have lost something valueable, its quite possible you find it in british museum,because british museums each item is snatched and transported from a poor country.
➡️UK's own citizens are fleeing from inflation to countries like morocco,spain,partugal,cyprus,macedonia,south africa, Australia,
newzealand and america.
➡️British are so civilised that they have done massacre like "Jhalianwala bagh massacre" and boast it as thier heroic feat.
There are 50 countries which are far better than UK, students should chose countries like germany, austria, netherlands, denmark, belgium,italy,australia,canada,newzealand,malaysia,turkey etc for educational purpose.
➡️UK universities are increasing tuition fee
,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,
UK is totally evil based economy
#Protest #Visa #Students UKVI HomeOffice
This proves that the Aussie are the real coffee drinkers
Because they know weed killer when they taste it.
I ❤ Starbucks coffee ☕️ 😋
Starbucks is the worst coffee even their pods to use at home taste like cactus juice. They charge through the roof to for a piddling little cup.
Geez, this is now a 6 yo video 😂
Comments are closed.