Starbucks completes joint venture deal with Boyu Investment

2026-04-03 01:19:25

Gelonghui, April 3｜Starbucks has completed its joint venture deal with Boyu Investment, selling 60% equity in its China retail business. Starbucks will retain 40% equity in its China retail business. The joint venture will be responsible for managing approximately 8,000 self-operated coffee stores owned by companies. Starbucks will serve as the owner and licensor of the global brand. Starbucks and Boyu will enter the operating phase of the joint venture.

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