Starbucks sells majority stake in China business as it eyes expansion
PositiveWorld Affairs
Starbucks is making a strategic move by selling a majority stake in its China business to private equity firm Boyu Capital, aiming to more than double its presence in the rapidly growing market. This partnership is significant as it not only strengthens Starbucks' foothold in China but also reflects the company's commitment to expanding its global reach, tapping into the increasing demand for coffee in the region.
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