11/07/2025

Starbucks to Sell off Control of its Chinese Operations

It's selling control to Boyu Capital

Starbucks said it would sell control of its operations in China to Boyu Capital in a deal that values the business at $4 billion - one of the largest divestments of a China unit by a global consumer company in recent years.

The Seattle-based coffee chain said the funds from investment firm Boyu will help it jump-start growth in the world's second-largest economy, where local rivals like Luckin and Cotti now offer lattes for $1.40 - less than a third of Starbucks' prices.

"We aim to bring the Starbucks experience to more customers, in more cities across China. We see a path to grow from today's 8,000 Starbucks coffeehouses to more than 20,000 over time," Starbucks CEO Brian Niccol said in a statement.

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