Starbucks completes joint venture deal with Boyu Investment

Gelonghui April 3｜Starbucks has completed its joint venture deal with Boyu Investment, selling 60% of its equity interest in its China retail business. Starbucks will retain a 40% equity interest in its China retail business. The joint venture will be responsible for managing approximately 8,000 company-owned coffee stores. Starbucks will serve as the owner and licensor of the global brand. Starbucks and Boyu will move into the operating stage of the joint venture.