Tue, 04 Nov 2025

Tue, 04 Nov 2025 Starbucks to sell majority stake in China business

The coffee giant entered China more than a quarter of a century ago but has faced tough competition in recent years.

* Starbucks is selling a 60% stake in its Chinese business to investment firm Boyu Capital as part of a $4bn deal.
* Under the agreement, Starbucks will retain a 40% stake and ownership of the brand in China.
* The partnership aims to drive long-term growth in China, where Starbucks has struggled with competition from homegrown brands like Luckin Coffee.
* Starbucks plans to introduce new drinks and digital platforms in China as part of the deal.
* Boyu Capital is a private equity firm that invests in retail, financial services, and technology businesses.
* The deal marks one of the biggest deals involving the Chinese operations of a global consumer company in recent years.
* Starbucks' future in China had been uncertain after former boss Laxman Narasimhan said the company was exploring "strategic partnerships" to stay competitive.
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