NasdaqGS:SBUXHospitality
Starbucks China Joint Venture With Boyu Reshapes Growth And Risk Profile
Starbucks has agreed to form a new China retail joint venture with Boyu Capital, with Starbucks holding 40% and Boyu Capital able to acquire up to 60%.
The move reshapes Starbucks’ operating model in its largest market outside the US, at a time when it has been facing tougher competition from local coffee chains.
This joint venture comes as Starbucks continues a wider repositioning of its global footprint and store formats.
For investors watching NasdaqGS:SBUX, the China joint venture is a...