DFI Retail to Take Control of Starbucks Asia Operations
DFI Retail Group will acquire Starbucks' Asia business in exchange for its 50% stake in Maxim's Caterers and approximately $340 million in cash. Following the transaction, DFI will manage Starbucks operations across Hong Kong, Macau, Singapore, Thailand, Vietnam, Cambodia, and Laos.
DFI Retail Group has agreed to sell its 50% stake in Maxim's Caterers in return for Maxim's Starbucks Asia business and about $340 million in cash. Following the transaction, DFI will take over Starbucks operations in Hong Kong, Macau, Singapore, Thailand, Vietnam, Cambodia and Laos.