Starbucks Corp. is removing the Princi brand of Italian baked goods from many of its higher-end cafes, stepping back from an initiative championed by longtime leader Howard Schultz.
It’s not the first time Starbucks has brought in a food brand only to reverse course. It shelled out $100 million for La Boulange bakery in 2012 before shuttering its 23 storefronts three years ...