Starbucks sells control of its stores in China to Boyu Capital
Headline from UPI
Starbucks announced Tuesday that it sold control of its stores in China to Boyu Capital for $4 billion. Starbucks will keep 40% and its intellectual property
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Starbucks said on Monday it would sell control of its China operations to investment firm Boyu Capital in a deal valued at $4 billion, in one of the most valuable divestments of a China unit by a global consumer company in recent years.
Starbucks announced Tuesday that it sold control of its stores in China to Boyu Capital for $4 billion. Starbucks will keep 40% and its intellectual property
Starbucks has agreed to sell an up to 60% slice in its China business to Chinese investment firm Boyu Capital in a deal that values the operation at $4 billion.