All articles tagged with #sale consideration
Starbucks has denied reports of considering a full sale of its China operations, despite ongoing challenges from local competitors like Luckin Coffee and a slow economic recovery. The company is exploring strategic options to strengthen its position, including marketing initiatives and potential partnerships, amid flat sales and increased local competition.
HashiCorp's shares surged 12% in extended trading following reports that the software developer is exploring a potential sale, with an outside firm engaged to gauge interest from potential buyers. The company's stock has struggled since its late 2021 Nasdaq debut, currently trading 67% below its IPO price, and its latest quarter saw a slowdown in revenue growth to 15%. CEO David McJannet acknowledged the company's need to catch up in its growth cycle, while co-founder Mitchell Hashimoto recently announced his departure from the company.