On June 11, 2025, Starbucks CEO Brian Niccol informed the Financial Times that the company has received 'a lot of interest' regarding the potential sale of a stake in its China business. This update follows earlier announcements that Starbucks was exploring strategic partnerships to address its struggling sales in the region.
The company's China operations have faced challenges, including intense competition and a soft macroeconomic environment, leading to a 14% decline in comparable store sales in Q4 fiscal year 2024. Securing a strategic partner is seen as crucial for revitalizing growth in this key market.
The reported high level of interest from potential investors suggests that a significant transaction could be on the horizon. Such a deal could provide Starbucks with local expertise, additional capital, and a more effective strategy to compete in China's dynamic coffee market.
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