Starbucks Corp (NASDAQ:SBUX) plans to develop a new sustainability learning and innovation lab at Hacienda Alsacia, its global agronomy headquarters for research and development, in Costa Rica.
The lab will serve as a hub for hands-on and virtual learning opportunities for Starbucks partners (employees), students, researchers, and industry leaders.
Starting this fall, the lab will offer the first wave of educational programming to select Arizona State University (ASU) students and Starbucks partners.
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Starbucks lab is expected to physically open within the next three years.
“This is an opportunity for us to advance Starbucks environmental promise to give more than we take and our farmer promise to ensure the future of coffee for all,” said CEO Laxman Narasimhan.
Price Action: SBUX shares are trading higher by 0.81% at $102.09 on the last check Wednesday.
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