Starbucks Sells Majority Stake in China Operations to Boyu Capital for $4 Billion

Starbucks has sold a majority stake in its China operations to Boyu Capital for $4 billion, aiming to enhance performance in a competitive coffee market.

Starbucks will sell up to 60 percent of its Chinese retail operations to Boyu Capital in a new joint venture valued at around $4 billion.
The joint venture will manage approximately 8,000 Starbucks stores across China, allowing Starbucks to retain a 40-percent stake while owning the brand.
This strategic move comes as Starbucks seeks to revitalize its performance in China, a market it previously dominated but faces intense competition.

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This transaction reflects Starbucks efforts to adapt to changing market dynamics in China, where competition has intensified. The partnership with Boyu Capital could enhance operational efficiency and market penetration, impacting the global coffee landscape.