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Starbucks pressing ahead with China business stake sale, sources say

The US coffee giant is seeking to onboard local market expertise and revitalise its 7,750-store China business amid fierce competition and sluggish sales growth

A Starbucks store in Chengdu, China | Photo credit: Preillumination SeTh

The US coffee giant is seeking to onboard local market expertise and revitalise its 7,750-store China business amid fierce competition and sluggish sales growth 

US coffee giant Starbucks is reportedly advancing plans to sell a stake in its 7,750-store China business by soliciting the views of potential bidders. 

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