Large Starbucks Coffee

Starbucks to sell 60% of China business

Meet the investor buying 60% of Starbucks' China business in a $4 billion deal

Boyu Capital, which is buying a 60% stake in Starbucks' China business, backs retails heavyweights Alibaba Group and Meituan.

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Starbucks Sells 60% Stake in China Business in $4 Billion Deal

· 9h · on MSN

Starbucks sells control of its stores in China to Boyu Capital

· 18h

Starbucks to sell majority stake in China business

Starbucks says it is selling a 60% stake in its business in China as part of a $4bn (£3.04bn) deal with investment firm Boyu Capital.

· 15h

Starbucks Sells Control Of China Unit To Boyu Capital At $4 Billion Value

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Starbucks cedes China control to Boyu Capital

10h

Starbucks Sold China Control to Bidder Pledging Stability

Starbucks Corp. decided to sell a majority stake of its struggling China unit to Boyu Capital after the Chinese private equity firm convinced the coffee chain it could grow the business with its existing management team,

Starbucks' bet on local expertise could help it regain ground in China

Starbucks' decision on Monday to sell up to 60% of its China business to local private equity firm Boyu Capital could help the hard-pressed brand regain ground in one of the world’s fastest-growing coffee markets.

Starbucks slips as earnings miss, large margins drop offset sales rebound

Starbucks Corporation (NASDAQ:SBUX) shares fell nearly 2% in premarket trading Thursday, a day after the coffee giant reported worse-than-expected earnings for the fiscal fourth quarter and lower margins.