Starbucks Sells Majority of Its China Unit to Boyu in $4 Billion Deal
Starbucks has agreed to sell a majority stake in its China business to Boyu Capital in a deal valued at about $4 billion. The move gives Boyu up to 60 percent control of Starbucks retail operations in China, while Starbucks will keep a 40 percent stake and continue to own and license the brand in the country.
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