Starbucks forms joint venture with Boyu Capital for China operations By Investing.com
Update: 2025-11-04
Description
Starbucks partners with Boyu Capital for a significant China expansion, handing over retail operations in a joint venture. Boyu will own up to 60% with Starbucks retaining 40% and control over brand and IP. The deal values Starbucks' Chinese operations at around $4 billion, with potential for $13 billion over the next decade. The partnership aims to accelerate growth, especially in smaller cities, and could lead to 20,000 stores in China.
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