Starbucks Denies Plans to Sell China Operations
US coffee company Starbucks has said it is not planning to sell all of its business in China, even though a Chinese magazine, Caixin, reported that it was. Caixin didn't explain where it got its information.
The report also said Starbucks had spoken to over a dozen possible buyers, though it wasn't clear exactly what part of the business might be for sale.
In response, a Starbucks spokesperson said, "Starbucks is not currently considering a full sale of its China operations."
However, sources familiar with the situation said Starbucks started...
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