Starbucks Hands Over Control of Its China Stores
Reading Time : 2 minutesStarbucks is selling control of its China business to Boyu Capital in a $4 billion deal while retaining a 40 percent stake and brand rights. The decision comes after rising competition from local chains reshaped the market. By partnering rather than exiting, Starbucks aims to regain momentum through local expertise while keeping a long-term position in its fastest-growing region.
