In a major strategic shift, Starbucks Corporation has agreed to sell a 60% stake in its China operations to Boyu Capital, a prominent Chinese private equity firm. The move aims to strengthen the coffee giant’s presence in an increasingly competitive and challenging Chinese market.
The deal values Starbucks’ China retail business at an enterprise value of $4 billion, with both companies expected to finalize the transaction by March 2026, subject to regulatory approvals.
Details of the Starbucks–Boyu Capital Joint Venture
Written by
Yash Singh
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