Starbucks Donates $100,000 to Southeast Asia Relief Efforts
SEATTLE--(BUSINESS WIRE)--Dec. 29, 2004--
In addition, Company Will Enhance Contribution by Donating $2 From Sales of Select Southeast Asian Whole Bean Coffees During January
In response to the unprecedented natural disaster in Southeast Asia, Starbucks Coffee Company (Nasdaq:SBUX) has made an initial contribution of $100,000 to two international relief organizations -- CARE and Oxfam UK. Both international relief organizations have been actively involved in the rescue efforts in the countries that were badly impacted by the earthquake and tsunamis.
In addition to the immediate cash donation to these relief agencies, during January 2005 Starbucks will also donate $2 for every pound of Sumatra, Decaf Sumatra and Aged Sumatra whole bean coffee purchased in its Company-operated stores in the U.S., Canada, the United Kingdom, Australia and Germany, while supplies last.
"We are deeply saddened by the tremendous devastation and rising death toll in Southeast Asia, and extend our condolences and deepest sympathies to the bereaved families and those impacted by this tragic event," said Howard Schultz, Starbucks chairman. "Starbucks has a long tradition of striving to contribute positively to communities in which we do business. Our prayers and thoughts are with all the families who have lost their loved ones."
To further enhance the Company's initial cash contribution to the designated relief organizations, Starbucks Company-operated stores in these markets will donate $2, or local currency equivalent, for every pound of whole bean Sumatra and Decaf Sumatra coffee sold in January 2005. The donation will also apply to Aged Sumatra, the next Starbucks(R) Black Apron Exclusives(TM) coffee, when it arrives in stores on January 5.
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