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Starbucks Divests Chinese Business to Boyu Capital; Invests in US Operations and Personnel
On April 2, Starbucks Coffee Company leaders divested 60% of their business in China to local firm, Boyu Capital, according to a press release. On the same day, company leaders announced investment in US employees with an incentive package aimed at positioning Starbucks employment as the “most competitive total compensation and benefits packages in the industry,” read the separate release.
In terms of the deal in China, the “joint venture oversees approximately 8,000 company-operated coffeehouses today, which will transition to a licensed operating model..."
Starbucks Divests Majority of China Operations to Boyu Capital
On November 3, Starbucks sold up to 60% of the company’s retail operations in China to investment firm Boyu Capital, according to a financial release from the global coffee chain which values their Chinese business to exceed $13 billion.
“Under the agreement, Boyu and Starbucks will operate a joint venture with Boyu holding a up to 60% interest in Starbucks retail operations in China,” read the release...
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