Starbucks to sell 60% China retail stake to Boyu deal
Starbucks said it will sell a 60% China retail stake to Boyu, retaining 40% and licensing rights in a transaction topping $13B. It is also considering a Japan unit sale or spin-off, cutting North America stores, and opening a GCC.P… location in Chennai.
Starbucks Corporation (NASDAQ:SBUX) is selling a 60% stake in its China retail business to Boyu, while keeping 40% and licensing rights, in a deal valued at more than $13B. P…