CEO Brian Niccol hails China as one of the “most exciting long-term opportunities” for Starbucks, which is striving to regain the initiative against fast-growing domestic discounters
US coffee giant Starbucks has officially closed its $4bn joint venture with Boyu Capital, a deal it is hoping will unlock a new era of sustainable, disciplined growth in China.
The deal, first announced in November 2025, sees the private equity firm take a 60% stake in Starbucks’ 8,000-store business in China
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