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As per the newspaper's sources, Starbucks considers Carlyle and Boyu as favored partners. In total, the valuation of the coffee chain's operations in China is expected to reach $4 billion, although the issue remains a topic of discussion, according to the sources.
Last week, five investment firms made binding offers to acquire a share in Starbucks' China business.
Sources from the newspaper indicate that the American company is expected to reach a conclusion regarding the deal by the end of October.
Starbucks' operations in China used to be the primary source of profit growth, but in recent years, it has faced challenges sustaining its status because of fierce competition in the market. The share of the American coffee chain in China has been falling in recent years: it is projected to be just 14% in 2024, down from 34% in 2019, based on data from Euromonitor International.
source: ft.com
Last week, five investment firms made binding offers to acquire a share in Starbucks' China business.
Sources from the newspaper indicate that the American company is expected to reach a conclusion regarding the deal by the end of October.
Starbucks' operations in China used to be the primary source of profit growth, but in recent years, it has faced challenges sustaining its status because of fierce competition in the market. The share of the American coffee chain in China has been falling in recent years: it is projected to be just 14% in 2024, down from 34% in 2019, based on data from Euromonitor International.
source: ft.com
