🐂 Not all bull runs are created equal. November’s AI picks include 5 stocks up +20% eachUnlock Stocks

Starbucks offers a dash of olive oil with its coffee in Italy

Published 02/22/2023, 12:20 PM
Updated 02/22/2023, 07:46 PM
© Reuters. FILE PHOTO: People are seen in front of the entrance of Starbucks Reserve Roastery during the opening day in downtown Milan, Italy, September 7, 2018. REUTERS/Stefano Rellandini
SBUX
-

MILAN (Reuters) - Starbucks (NASDAQ:SBUX) has launched a new drink that mixes coffee with olive oil, offering it initially in Italy as an alternative to the more standard espresso or cappuccino.

The so-called "Oleato" beverages are made with arabica coffee "infused with a spoonful of Partanna cold pressed, extra virgin olive oil," Starbucks, the world's largest coffee chain, said in a statement.

The price is between 4.5 euros and 6.5 euros ($4.80-$6.90) depending on the size of the cup.

Young drinkers at Starbucks flagship coffee shop in central Milan gave the initiative a qualified approval.

"It's a strange idea...but there is something different about it and in my opinion it could appeal a lot more to foreigners than Italians," said 20-year-old Nicole Molinari.

Stefania Battagli, 22, said the coffee had a little too much oil for her tastes.

"But I like it because the milk and the oil can both be tasted distinctly. I don't know how to explain it, there are two flavours but they mix together and work well together," she added.

Company founder Howard Schultz, who has said a trip to Milan in 1983 inspired him to export Italian drinking habits to the United States, described Oleato as "the next revolution in coffee."

The "Oleato" debuted in various forms, including caffe latte, a "deconstructed" option featuring lemon juice, and an "Espresso Martini" with vodka and vanilla bean syrup.

The beverages will later be rolled out "in select markets around the world", starting with southern California in the United States in the spring and later this year in Japan, the Middle East and Britain, Starbucks said.

© Reuters. A drink infused with extra virgin olive oil is displayed at a Starbucks cafe in Milan, Italy, February 22, 2023. REUTERS/Alex Fraser

The U.S. company was founded in Seattle in 1971 and has nearly 36,000 stores worldwide.

It has been present in Italy since 2018, but with just 23 stores in a coffee-obsessed country of some 59 million people that features a cafe on almost every street corner. ($1 = 0.9410 euros)

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.