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Stock impact report

Starbucks Nashville HQ will cost $100M, employ 2K workers [Yahoo! Finance]

Shake Shack, Inc. Class A (SHAK) 
Last shake shack, inc. class a earnings: 2/24 04:05 pm Check Earnings Report
Company Research Source: Yahoo! Finance
Dive Brief: Starbucks' new support office in Nashville, Tennessee, will cost the company $100 million and employ 2,000 workers, according to a Tuesday message from Chief Partner Officer Sara Kelly. The majority of Starbucks corporate roles will remain based in Seattle. The Nashville jobs will comprise of new roles, in-sourcing work from contractors and the relocation of some corporate teams. The Nashville office will support Starbucks' growth in the Southern and Eastern United States, and put the company in closer proximity to key suppliers and “a deep and growing talent pool in the region,” according to Kelly's message. Dive Insight: Starbucks' Nashville headquarters won't be complete until 2027, but the chain will start some operations in a temporary office building in May of this year, Kelly wrote. The regional office was first announced in March The Nashville office will house some teams currently located in Seattle. Starbucks' emphasis on “supporting strong in-office Show less Read more
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