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Starbucks explores revamp of China operations

Summary by Verdict Foodservice

Global coffeehouse chain Starbucks is initiating a process to revamp its extensive operations in China, potentially including a stake sale.The post Starbucks explores revamp of China operations appeared first on Verdict Food Service.

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大纪元 Epoch Times

Starbucks China Is Reportedly Looking for a Buyer | For Sale

Starbucks, which has been deeply rooted in China for 25 years, may not be able to hold on any longer. According to Bloomberg, Starbucks is considering selling its Chinese business. China is Starbucks' second largest market, but its revenue has fallen sharply for three consecutive quarters, and it is unable to withstand the challenge of local brand Luckin Coffee.

1 day ago

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