Starbucks sells majority stake in China stores to local PE firm

semafor.com/article/11/04/2025/starbucks-sells-majority-stake-in-china-stores-to-local-pe-firm

Starbucks will sell a majority stake in its China business to a private-equity firm run by the grandson of a former Chinese president.
Boyu Capital reportedly beat out several Western investors including Carlyle and EQT for the business and its 8,000 stores in China, where Starbucks…

This story appeared on semafor.com, 2025-11-04 17:53:35.
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