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Starbucks sells its stores in China for $4 billion
Partnership with Boyu Capital which acquires 60% of the Chinese subsidiary
Starbucks Coffee Company announced that it has entered into a joint venture with Boyu Capital, a leading alternative investment firm, to manage Starbucks' retail operations in China. Under the agreement, Boyu and Starbucks will operate a joint venture in which Boyu will hold up to a 60% stake in Starbucks' retail operations in China. Starbucks will retain a 40% stake in the joint venture and will continue...
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EFA News - European Food Agency
EFA News - European Food Agency