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Done Deal: Starbucks closes $4 billion China joint venture; to expand footprint

Starbucks Coffee Company has finalized its joint venture with private investment firm Boyu Capital, selling control of its China operations, the coffee giant’s second-largest business.

Under the terms of the agreement, which was announced in November and has a value of about $4 billion, Boyu and Starbucks will operate a joint venture, with Boyu holding up to 60% interest and operating the approximately 8,000 Starbucks stores in China. Starbucks will retain a 40% interest in the joint venture and will continue to own and license the brand and intellectual property to the new entity. 

Done Deal: Starbucks closes $4 billion China joint venture; to expand footprint | Chain Store Age

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