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Starbucks Sells 60% China Operations to Boost Growth

11/4/2025

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Summary

Story summary

On November 4, 2025, Starbucks announced it will sell up to 60% of its China operations to Boyu Capital for $4 billion to accelerate growth.
The deal values Starbucks' China retail business at over $13 billion, amid competition from Luckin.
Starbucks CEO Brian Niccol said the goal is to expand from 8,000 to more than 20,000 stores.
Boyu Capital will help open stores in lower-tier cities and improve cost efficiency.

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Story summary

On November 4, 2025, Starbucks announced it will sell up to 60% of its China operations to Boyu Capital for $4 billion to accelerate growth.
The deal values Starbucks' China retail business at over $13 billion, amid competition from Luckin.
Starbucks CEO Brian Niccol said the goal is to expand from 8,000 to more than 20,000 stores.
Boyu Capital will help open stores in lower-tier cities and improve cost efficiency.