#boyu-capital

[ follow ]
#starbucks #retail-expansion #private-equity #china-expansion #luckin-coffee #china-coffee-market #joint-venture
#starbucks
from24/7 Wall St.
2 days ago
Business

Starbucks' China Defeat

Starbucks sold 60% of its China operations to Boyu Capital for $4 billion plus license fees, raising questions about strategy and execution.
fromFortune
2 days ago
Business

Starbucks sells 60% of China unit to Boyu at $4 billion value | Fortune

Starbucks sold a majority stake in its China retail operations to Boyu Capital for a $4 billion enterprise value, with Starbucks retaining 40% and licensing IP.
more#starbucks
fromBusiness Insider
2 days ago

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

In a deal valued at $4 billion, Boyu is acquiring 60% of Starbucks China's business, with plans to close in the first three months of the year, per a press release. The release said that the Boyu partnership would help elevate Starbucks' customer experience in China and speed expansion into new cities. In an open letter on Monday, Starbucks CEO Brian Niccol said that through the Boyu partnership, he aims for Starbucks to grow from 8,000 stores in Chinato over 20,000.
Careers
[ Load more ]