Starbucks Timeline By boricua32593 Period: Jan 1, 1971 to Dec 31, 1971 First Starbucks opens in Seattle's Pike Place Market Period: Jan 1, 1985 to Dec 31, 1985 Howard Schultz founds Il Giomale Period: Jan 1, 1987 to Dec 31, 1987 Schultz's Il Giomale acquires Starbucks Period: Oct 1, 1987 to Oct 31, 1987 First store opens in Chicago Period: Jun 1, 1988 to Dec 31, 1988 Health-care now available for employees / part-timers Period: Jan 1, 1991 to Dec 31, 1991 First store opens in Los Angeles Period: Aug 1, 1991 to Aug 31, 1991 Stock option plan available for employees / part-timers Jun 26, 1992 Starbucks went public Stock on NASDAQ Period: Jun 1, 2007 to Dec 31, 2007 Recession leads to 50% drop in Starbucks stock Period: Jan 1, 2008 to Jan 31, 2008 Schultz returns as chief executive after worst quarterly same-store in history