Starbucks Sells Stake in China, Partners with Local Firm
Update: 2025-11-05
Description
Starbucks, facing intense competition from local brands like Luckin Coffee and a slowdown in consumer spending, sells a majority stake in its China operations to Boyu Capital. This move allows Starbucks to adapt to the evolving market and innovate its menu and digital presence, while retaining a forty percent share in its largest international market.
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