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STARBUCKS CHINA SALE
Pizza Hut: From $600 loan to 20,000 stores and the new $2.7 billion twist for the global empirePizza Hut, a nearly 70-year-old American icon, has been split in a $2.7 billion deal. Yum Brands is selling its international business outs...- Tata Consumer Products to add 50-100 Starbucks outlets annually; sees potential for 8,000 unitsTata Starbucks aims for massive expansion in India, with plans to reach 8,000 stores. The coffee chain is now profitable at the operating l...
- Who's selling? Starbucks and other US companies trimming China exposureIn a significant shift, Starbucks has agreed to sell a substantial portion of its Chinese business to Boyu Capital for a staggering $4 bill...
- Starbucks sells 60% stake in China business in $4 billion deal with BoyuStarbucks is partnering with Chinese firm Boyu Capital to expand its presence in China. Boyu Capital will acquire a majority stake in Starb...
- Starbucks to close stores, cut more jobs as CEO deepens restructuringStarbucks plans to shut down underperforming North American stores and eliminate approximately 900 jobs as part of a $1 billion restructuri...
- Starbucks' pain, Chinese Chain Luckin Coffee's gain in U.S.? From number of stores to taste - here is a comparisonStarbucks has more than 41,000 stores in the world. Luckin has more than 26,000 stores worldwide.
- Starbucks says it is not currently considering a full sale of its China operationsStarbucks is exploring options for its China business, engaging with potential buyers to assess interest in either a controlling or minorit...
- Which Chinese company is set to give Starbucks a run for its money as it plans to enter the U.S. with multiple outlets?Luckin Coffee, a rapidly expanding Chinese coffee chain that has surpassed Starbucks in China, is poised to enter the U.S. market, starting...
- KKR, Fountainvest and PAG among those eyeing Starbucks China stake, sources sayKKR & Co, Fountainvest Partners, and PAG are among those interested in acquiring a stake in Starbucks' China business, as the U.S. coffee c...
- Starbucks weighs strategic partnerships for China operationsStarbucks is looking for ways to improve its business in China. The company is considering selling a part of its Chinese business to a loca...
- Starbucks shares plunges 15%, hit two-year low as China, US demand clouds outlookShares of Starbucks fell 15% to their lowest in nearly two years on Wednesday, after the coffee chain cut annual forecasts on persistent we...
- Starbucks Q4 Results: Co posts record fourth-quarter revenue after opening hundreds of new storesThe Seattle coffee giant opened 816 net new stores in the quarter, ending its fiscal year with more than 38,000 stores worldwide
- Starbucks beats profit estimates despite hit to China businessU.S. sales were boosted by Starbucks' ability to raise prices without pushback from its wealthier customers and its booming sales of cold b...
- Starbucks misses sales estimates on China COVID curbsStarbucks has raised wages for employees. Even so, more than 50 U.S. cafes have elected to join the Workers United union, while five stores...
- Starbucks shuts two China outlets after reports they used expired ingredients"Since entering the Chinese mainland market 22 years ago, we have been committed to implementing strict food safety standards and adopt a '...
- Starbucks profits up despite China hit due to Covid-19The coffee giant reported profits of $1.8 billion in its fiscal fourth quarter, up more than four times from the year-ago level. Revenues r...
- Starbucks takes $3 billion hit to revenue during pandemicStarbucks was forced to close its stores to customers at the height of the pandemic.
- Starbucks keen to fill the cup & plate for youTata Starbucks, the 50:50 joint venture between Starbucks Coffee Company and Tata Global Beverages in India, wants to increase its food pla...
- Starbucks planning huge expansion in ChinaGlobal coffee giant Starbucks sees China eventually overtaking Japan as its second-largest market outside North America with "thousands" of...
- Cafe opens in Forbidden City to replace StarbucksA state-run cafe has opened in Beijing's Forbidden City on the premises where Starbucks closed down earlier this year amid charges the US c...
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