Starbucks completes joint venture deal with Boyu, and its China company-operated stores will gradually transition to a franchising model.

SmartContractAuditor · 2026-04-03T01:02:09+00:00

Odaily Planet Daily reports that Starbucks has announced the completion of its previously announced joint venture with Boyu Capital. This marks a significant milestone in Starbucks' long-term strategy for sustainable and autonomous growth in China. According to the agreement, the joint venture currently operates approximately 8,000 company-owned Starbucks stores, which will gradually transition to a franchise model. The mutual long-term goal of both parties is to eventually expand the number of stores to 20,000. (The Paper)

SmartContractAuditor

2026-04-03 01:02:09

Odaily Planet Daily reports that Starbucks Corporation has issued an announcement stating that the previously announced joint venture between Starbucks and Boyu Capital has officially been completed, marking a major advance in Starbucks’ long-term strategy to achieve sustainable, self-regulated growth in China. Under the terms of the agreement, the joint venture currently operates approximately 8,000 Starbucks company-owned coffee shops, and these shops will gradually transition to a franchise model; the two parties’ shared long-term goal is ultimately to expand the number of stores to 20,000. (The Paper)

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