|Bid||54.67 x 1100|
|Ask||54.68 x 800|
|Day's Range||54.56 - 54.87|
|52 Week Range||50.84 - 64.87|
|PE Ratio (TTM)||27.58|
|Dividend & Yield||1.00 (1.83%)|
|1y Target Est||N/A|
Italy's largest coffee group Lavazza could open up to 15 stores around the world as it takes on Starbucks, but has no plans to go head-to-head in the U.S. chain's hometown of Seattle. Lavazza's top executives opened the family-owned company's first coffee boutique in the center of Milan on Tuesday, close to where Starbucks (SBUX.O) plans to launch its first Italian store, offering specialty blends and fine food, next year.
Tourists feel a deep connection to certain brands, and flock to flagship stores for companies like Apple and Starbucks as a result
The future will likely be ruled by robots. And according to billionaire investor Ray Dalio, more use of machines means the possible loss of jobs.