Last updated: 2025-11-04 06:24:47 ET
The coffee giant entered China more than a quarter of a century ago but has faced tough competition in recent years.
In a deal valued at $4 billion, Boyu Capital will acquire a stake in the coffee giant’s 8,000 stores in China.
The U.S. coffee-shop chain is forming a joint venture with Boyu Capital, with Boyu holding 60% interest in the company’s retail operations in China....
In recent years, the coffee giant has seen its sales in China plummet.
