Starbucks Sells 60% China Stake to Boyu Capital in $4 Billion Deal
TL;DR
Starbucks is selling a controlling stake in its China operations to Boyu Capital in a $4 billion deal, forming a joint venture where Starbucks will hold 40% and Boyu up to 60%, as part of its strategy to exit a declining market share in China due to fierce local competition.
- Starbucks to sell control of China business to Boyu Capital in $4 billion deal CNN
- Starbucks to Sell 60% of Its China Business to a Private Equity Firm The New York Times
- Starbucks Sells 60% Stake in China Unit. Investors Wait for Real Improvement. Barron's
- Who's selling? Starbucks and other US companies trimming China exposure Reuters
- Starbucks Sells 60% Stake in China Unit to Boyu for $4 Billion Yahoo Finance
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