NewsChinaStarbucks

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. 

Unlock Allegra Premium News & Insights

£29/month
Full digital access, cancel anytime.
What you get:
Curated global coffee news & independent editorial features
5THWAVE, the leading B2B coffee & hospitality magazine
Market trend data analysis powered by the latest World Coffee Portal research
In-depth interviews with CEOs, industry experts & entrepreneurs
Weekly Coffee Dose essential industry news briefing
Coffee 24/7, breaking industry news bulletins
Exclusive market infographics & data downloads
Subscribe for just £29

Already have an account? Sign In

Join 650,000+ coffee professionals worldwide.

Latest