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Starbucks’ China Defeat
Yahoo Finance· 2025-11-04 15:10
2024 Getty Images / Getty Images News via Getty Images It is hard to say much about the valuation. Starbucks Corp. (NASDAQ: SBUX) is selling a 60% piece of its operations in China. It gets $4 billion and long-term license fees. This values the enterprise at $13 billion. The buyer, Boyu Capital, is not in the coffee chain business. (Starbucks calls the deal a “joint venture.”) 24/7 Wall St. Key Points: Starbucks Corp. (NASDAQ: SBUX) is selling 60% of its operations in China. It is more evidence that S ...