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Starbucks to sell control of China business

Starbucks once seemed unstoppable in China. Its US owner is now giving up control

Nearly three decades ago, Starbucks opened its first outlet in China with much fanfare. But its American owners are now relinquishing control as it faces a myriad of challenges in an increasingly competitive beverage market.

· 19h · on MSN

Starbucks to sell control of China business to Boyu, aims for rapid growth

· 1d · on MSN

Starbucks sells 60% stake in China business in $4 billion deal

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

Starbucks has agreed to sell an up to 60% slice in its China business to Chinese investment firm Boyu Capital in a deal that values the operation at $4 billion.

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Starbucks to sell majority stake in China business

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Starbucks to cede control of China retail arm to Boyu in $4bn deal

Transformation Revs Up With Starbucks To Sell Majority Stake In China

Starbucks is preparing to sell a 60% stake in its Chinese division to Hong Kong-based Boyu Capital in a $4 billion deal as it continues its business transformation.

New Food Magazine

Starbucks sells majority stake in China business to Boyu Capital

Starbucks will sell a majority stake in its $13 billion China business to Boyu Capital under a landmark joint venture.

Starbucks Bets on New Chinese Partner to Save Its Fading Empire in the World's Second-Largest Market

Starbucks partners with Boyu Capital to regain momentum in China, selling a majority stake while aiming to expand its footprint amid growing competition.

Starbucks ducks for cover amid China’s coffee wars

Foreign companies can no longer rely on brand prestige alone in sectors in which Chinese rivals undercut prices