Florida Gov. Ron DeSantis (R) on Monday urged young Americans to ditch sugary coffee concoctions and opt for plain brews, weighing in after a report found that younger drinkers are increasingly preferring sweet, flavored beverages.DeSantis Pushes Simpler, Cheaper Coffee Habits"I humbly recommend to young people to try drinking black coffee without any bells and whistles. It's cheaper — and once you get used to it you will not want to add in all the other stuff," DeSantis wrote on X.Gen Z Tastes Challenge Co ...

Industry Trends - UK consumers are increasingly opting for premium ready meals as an alternative to eating out due to rising costs [1] - A broader post-pandemic trend shows consumers favoring less social, more convenient at-home experiences, boosting food delivery services [2] - Restaurants are facing challenges due to decreased visits and increased labor costs [2][3] Financial Impact - The insolvency rate for UK restaurants and food services businesses is approximately twice the average across all sectors [3] - Mid-market restaurants are particularly affected as customers choose to eat at home or reduce spending when dining out [3] Restaurant Strategies - Restaurants are attempting to counter the trend by enhancing the dining experience with experiential features, atmosphere, service, and entertainment [4]

Core Viewpoint - Starbucks has announced a strategic partnership with Boyu Capital to establish a joint venture for its retail operations in China, aiming to expand its market presence significantly. Group 1: Joint Venture Details - The joint venture will see Boyu holding up to 60% equity, while Starbucks retains 40% and continues to own the brand and intellectual property [1] - The enterprise value of the joint venture is approximately $4 billion, excluding cash and debt, with Starbucks expecting the total value of its retail business in China to exceed $13 billion [1] - The new joint venture will be headquartered in Shanghai and manage around 8,000 Starbucks stores in China, with plans to expand to 20,000 stores in the future [1] Group 2: Financial Performance - For the fiscal quarter ending September 28, 2025, Starbucks China reported a revenue increase of 6% to $831.6 million (approximately 5.913 billion RMB) [1] - For the full fiscal year 2025, revenue is expected to grow by 5% to $3.105 billion (approximately 22.077 billion RMB) [1] - Starbucks China has maintained a double-digit operating profit margin, with profits and margins improving for four consecutive quarters [1] Group 3: Competitive Landscape - The domestic coffee market is highly competitive, with Luckin Coffee reporting a second-quarter revenue of 12.4 billion RMB, a 47% year-on-year increase [2] - Luckin Coffee's adjusted net profit for the same period was 1.4 billion RMB, up 44% year-on-year, and it has accelerated its store expansion, reaching a total of 26,206 stores by the end of the second quarter [2]

Core Viewpoint - Starbucks is selling a majority stake in its China unit to Boyu Capital for $4 billion, which has led to a rise in Starbucks shares [1][2]. Group 1: Transaction Details - Boyu Capital, a Chinese private equity firm, emerged as the winner in the bidding process due to its strong onshore connections, which are beneficial for Starbucks [2][4]. - Boyu plans to finance the 60% stake acquisition by seeking over $1 billion in a leveraged loan from Chinese banks [3]. Group 2: Strategic Implications - The acquisition is expected to create synergies for Starbucks outlets, particularly in luxury malls, enhancing its market presence in China [4]. - Starbucks has been struggling in the Chinese market, with local competitors like Luckin Coffee surpassing it in market share [5][6]. - The entry of a Chinese firm may lead to significant changes in Starbucks' operational model in China, potentially focusing on quicker growth and margin enhancement [8].

Deal Overview - Starbucks is selling a majority 60% stake in its China unit to private equity firm Boyu Capital for $4 billion [1][3] - Boyu Capital will finance the deal with over $1 billion in leveraged loans from Chinese banks [3] Boyu Capital's Advantage - Boyu Capital, as a Chinese private equity firm, possesses stronger onshore connections beneficial for Starbucks in China [2] - Boyu's connections and strategy helped it beat out other global private equity firms interested in the stake [4] - Boyu recently closed a big deal for China's biggest chain of luxury malls, SKP, potentially creating synergies for Starbucks outlets [3][4] Starbucks' China Strategy - Starbucks has been facing pressure from local Chinese coffee chains like Luckin, which has surpassed them in size [5][6] - Starbucks has maintained a premium model with higher prices and larger stores, differentiating itself from competitors [6][7] - The entry of private equity may lead to significant changes in Starbucks' China strategy, potentially focusing on faster margin growth [7][8] - The future Starbucks in China might be unrecognizable from Starbucks elsewhere, with a Chinese firm now in charge [8]

Private equity firm Boyu is in talks with banks for a loan of around $1.4 billion-equivalent to support its acquisition of a majority stake in Starbucks’s China business, according to sources https://t.co/0ur1XlrWwR ...

星巴克宣布，与中国另类资产管理公司博裕投资达成战略合作，双方将成立合资企业，共同运营星巴克在中国市场的零售业务，目标将门店数量增加至20000家。根据协议，博裕将持有合资企业至多60%股权，星巴克保留40%股权，后者将继续作为星巴克品牌与知识产权的所有者和授权方，向新成立的合资企业进行授权。博裕资本将以约40亿美元的企业价值（不计现金与债务）收购相应股权。星巴克预计其中国零售业务的总价值将超过130亿美元，目前拥有8000家门店，愿景是将数量增加至20000家。外汇交易员 (@myfxtrader):彭博：星巴克已对其中国业务可能引入的投资者进行了筛选，包括私募股权公司和科技公司在内的十几家公司入围第二轮。包括博裕、凯雷投资集团、殷拓、方源资本、KKR、高瓴和春华资本在内的一些私募股权公司，京东集团和腾讯控股均受邀参与。 ...

Core Viewpoint - Denny's is being acquired by a group of investors for $620 million, taking the breakfast chain private, with a unanimous board approval [1][2]. Group 1: Acquisition Details - Denny's shareholders will receive $6.25 per share in cash, totaling $322 million, which represents a 52% premium over the closing stock price on the day of the announcement [2]. - The acquisition is led by TriArtisan Capital Advisors, Treville Capital, and Yadav Enterprises, one of Denny's largest franchisees [1][5]. - Denny's shares surged by 47% in after-hours trading following the announcement [2]. Group 2: Company Background - Denny's was founded in 1953 and has undergone several name changes, with its current branding established in 1959 [2]. - The company began trading on the New York Stock Exchange in 1969 [2]. Group 3: Recent Challenges - Denny's experienced a significant decline in sales during the COVID pandemic and has been adapting to changing customer dining preferences, including a shift towards delivery services [3]. - The company has faced competition from newer chains offering healthier breakfast options [3]. - In response to performance issues, Denny's announced plans to close 150 of its lowest-performing locations [4]. Group 4: Future Outlook - Denny's CEO indicated that the board considered multiple offers and believes the acquisition is in the best interest of shareholders [5]. - The deal is expected to close in the first quarter of 2026, pending shareholder approval [6].

Starbucks to sell majority stake in China business in $4bn deal https://t.co/HwshGPaVK9 ...

当地时间11月3日，美国知名连锁餐厅Denny's公司（NASDAQ: DENN）宣布已签署最终协议，将被由 私募股权投资公司TriArtisan、另类资产投资机构Treville及Denny's最大特许经营商之一Yadav Enterprises 组成的集团以全现金交易方式收购，企业价值约6.2亿美元。根据协议条款，Denny's股东将以每股6.25 美元现金的价格获得所持普通股对价。该收购价格较当日收盘价溢价52.1%。交易预计将于2026年第一 季度完成。交易完成后，Denny's普通股将终止在纳斯达克交易。 来源：智通财经 ...