Starbucks to sell control of China business to Boyu Capital in $4 billion deal
Starbucks announced it will sell a controlling stake in its China operations to investment firm Boyu Capital for $4 billion, forming a joint venture in which Boyu holds up to 60% and Starbucks retains 40%. Starbucks will continue to own and license its brand and intellectual property to the new entity. The total value of Starbucks’ China business is expected to exceed $13 billion, including … Continue reading Starbucks to sell control of China business to Boyu Capital in $4 billion deal
