Starbucks to sell majority stake in China business to Boyu Capital
PositiveFinancial Markets

Starbucks is set to sell a majority stake in its China business to Boyu Capital for $4 billion, marking a significant move in the coffee giant's strategy. This deal, which involves up to 60% of the stake, highlights the growing interest in China's coffee market and could provide Starbucks with fresh capital to expand its operations. It's a win-win situation as Boyu Capital gains a foothold in a lucrative market, while Starbucks can focus on enhancing its brand presence in China.
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