SEATTLE & TOKYO, March 15, 2011 - In response to the devastating earthquake and tsunami that struck Japan, Starbucks Coffee Company (Nasdaq: SBUX) and Starbucks Coffee Japan today committed support and funding to the relief effort in partnership with the American Red Cross and Japan Red Cross. The Starbucks Foundation and Starbucks Coffee Japan will contribute Â¥100 million (approx. USD$1.2 million) to aid immediate humanitarian and relief efforts.
"We are deeply saddened by the loss of life and devastation following the massive earthquake and tsunami in Japan," saidÂ Howard Schultz, chairman, president and ceo, Starbucks Coffee Company. "Starbucks 15 year history in Japan has been built on a tradition of bringing together people in communities where we do business. We extend our heartfelt condolences to the bereaved families and many others impacted by this natural disaster."
"We feel a tremendous sense of urgency to respond to the crisis," said John Culver, president, Starbucks Coffee International. "Our hearts go out to people across Japan, including our partners (employees) who have been impacted by this horrible tragedy."
"We want to thank all of our partners (employees) throughout Japan for the support they are providing each other during this very difficult and tragic time," said Yuji Tsunoda, ceo, Starbucks Coffee Japan. "We are committed to providing the necessary resources and support to help our partners as they work through the challenges in the days and weeks ahead."
About Starbucks Coffee Company
Since 1971, Starbucks Coffee Company has been committed to ethically sourcing and roasting the highest qualityÂ arabica coffee in the world. Today, with stores around the globe, the company is the premier roaster and retailer of specialty coffee in the world. Through our unwavering commitment to excellence and our guiding principles, we bring the unique Starbucks Experience to life for every customer through every cup. To share in the experience, please visit us in our stores or online at www.starbucks.com.