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Update: Market Chatter: Starbucks to Discontinue Oleato Line of Beverages
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Update: Market Chatter: Starbucks to Discontinue Oleato Line of Beverages
Nov 3, 2024 2:56 PM

03:57 PM EDT, 10/29/2024 (MT Newswires) -- (Updates to reflect Starbucks ( SBUX ) declined comment to MT Newswires in the fourth paragraph.)

Starbucks ( SBUX ) will no longer offer a lineup of olive oil drinks pushed by former chief executive Howard Schultz, Bloomberg reported Tuesday.

The company plans to discontinue the Oleato line of beverages from its core menu starting Nov. 7, Bloomberg said, citing an internal company memo.

The move will coincide with the launch of the company's holiday drinks, according to the report.

Starbucks ( SBUX ) declined comment to MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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