Starbucks sells majority stake in China business, valued at $4B
Update: 2025-11-04
Description
Starbucks sells majority stake in China business to Boyu Capital, valuing it at $4 billion. Starbucks retains 40% ownership and plans to expand to 20,000 stores in China. The deal marks a shift from in-house operations to a partnership model, leveraging Boyu's local knowledge for faster expansion. Despite modest growth, Starbucks expects the partnership to boost sales and reach more customers in China.
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