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Originally published by Capital Businessbusiness
November 4, 2025
7h ago
Starbucks to sell majority stake in China business
NOV 4 - Starbucks says it is selling a 60% stake in its business in China as part of a $4bn (£3.04bn) deal with investment firm Boyu Capital. Under the Kenya breaking news | Kenya news today |..
✨ Key Highlights
Starbucks is selling a 60% stake in its China business to investment firm Boyu Capital in a $4 billion (£3.04 billion) deal. This agreement will result in Starbucks retaining a 40% stake and ownership of its brand in the country, which is its second-largest market outside the US.
- Starbucks' China operations are valued at $13 billion and expected to grow from its current 8,000 outlets to 20,000.
- The partnership aims to leverage Boyu Capital's understanding of Chinese consumers to drive long-term growth and introduce new drinks and digital platforms.
- This move addresses uncertainties after former CEO Laxman Narasimhan's discussions of "strategic partnerships" to compete with homegrown brands like Luckin Coffee amid falling sales due to COVID-19, slower spending, and fierce competition.
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