Private equity firm Boyu Capital is in talks with banks for a loan of around $1.4 billion-equivalent to support its acquisition of a majority stake in Starbucks' China business, according to people familiar with the matter. Bloomberg's Rachel Chang reports.
Starbucks said on Monday it would sell control of its China operations to investment firm Boyu Capital in a deal valued at $4 billion, in one of the most valuable divestments of a China unit by a global consumer company in recent years.
The U.S. coffee-shop chain is forming a joint venture with Boyu Capital, with Boyu holding 60% interest in the company's retail operations in China. Starbucks will retain the other 40% and continue to own and license the Starbucks brand and intellectual property in the new entity.
Starbucks has agreed to sell a controlling stake in its China business to private-equity firm Boyu Capital, bringing on an outside partner for the first time in its second-largest market.
Starbucks posts its first global comp sales growth in seven quarters, signaling early success in its turnaround strategy.
Starbucks brews up mixed Q4 results as sales rise but profits cool, with its turnaround plan showing early signs of revival.
Starbucks released its fourth-quarter earnings on Wednesday, October 30, finally providing an official figure for its recent wave of store closings.
Starbucks is back in consumers' daily grind.
SBUX posts mixed Q4 results as revenues climb 5.5% year over year, while EPS misses estimates amid margin pressure.
Starbucks Corp. Chief Executive Officer Brian Niccol says the "Back to Starbucks" plan is working to drive sales and improve service. Sales at established locations rose 1% in the most recent quarter.
Starbucks Corp (NASDAQ:SBUX, ETR:SRB) late Wednesday reported fiscal fourth quarter 2025 earnings that fell short of expectations, even as the beverage retail giant's same-store sales increased for the first time in seven quarters. The company recorded adjusted earnings per share for the period of $0.52, missing the $0.56 analyst consensus estimate based on a survey by LSEG.
Starbucks Corp. (NASDAQ: SBUX) announced what seemed to be a mediocre quarter.