Starbucks Sells 60% Stake in China Business in $4B Deal
TL;DR Summary
Starbucks is selling a 60% stake in its China operations to Boyu Capital in a $4 billion deal, retaining a 40% stake and ownership of the brand, as part of its long-term growth strategy in the competitive Chinese market.
- Starbucks sells majority stake in China business in $4bn deal BBC
- Starbucks to sell control of China business to Boyu Capital in $4 billion deal CNN
- Starbucks to Sell 60% of Its China Business to a Private Equity Firm The New York Times
- Starbucks Sells 60% Stake in China Unit. Investors Wait for Real Improvement. Barron's
- Starbucks sells majority stake in China business, valued at $4B Yahoo Finance
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