Starbucks Looks to Shake Up Its China Business

Starbucks Corp. has reached out to private equity firms, tech companies and others as it explores options for its China arm – possibly even selling a stake – according to people familiar with the situation, Bloomberg reported.

The coffee giant sent letters through a financial adviser to several potential investors this week, asking for their thoughts on the business and ideas for future growth, the sources said. A deal could value the assets at several billion dollars, they added.

Bloomberg News had earlier reported that Starbucks was reviewing its operations in China...

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