Last week Starbucks announced that its coffee delivery business is now a $1.0 billion business. Yes, that's right, $1.0 billion.
When the coffee chain introduced a limited-edition ‘Bearista' holiday cup this week, supply quickly ran out. Customers are in open revolt, and resellers are cashing in big.
The coffee maker is selling a 60% stake in the business to Boyu Capital.
Starbucks Workers United said 92% of its members voted to authorize the unfair labor practice strike, which comes just ahead of Starbucks' promotional Red Cup Day on Nov. 13.
The union said workers are prepared to strike if a contract is not finalized by Nov. 13, which is the company's Red Cup Day, and strike actions could hit more than 25 cities and escalate if there is a lack of progress.
Unionized baristas at Starbucks in the U.S. are preparing to go on strike next week and disrupt one of the coffee chain's busiest days, Bloomberg News reported on Wednesday.
Seattle-based Starbucks has agreed to sell a controlling stake in its Chinese business, marking a significant shift in strategy for the world's largest coffee chain in its most important growth market outside the U.S.
It is hard to say much about the valuation. Starbucks Corp. (NASDAQ: SBUX) is selling a 60% piece of its operations in China.
Starbucks NASDAQ: SBUX is not out of the weeds—far from it—but the most recent earnings results reveal operational improvements that suggest it is still a good buy for 2026.
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.
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.