Boyu Capital Acquires Control of Starbucks China in $4 Billion Deal

In a significant move, Starbucks has agreed to transfer control of its China operations to Boyu Capital for a staggering $4 billion. This deal marks a substantial divestment in the China unit by a global consumer company, solidifying a vital shift in the market landscape. Under this agreement, a joint venture will be established, with Boyu Capital seizing up to 60 percent ownership of Starbucks’ retail business in China. Starbucks will secure a 40 percent stake in the partnership, maintaining ownership of the brand and intellectual property rights bestowed upon the new entity. The collaboration stands to generate more than…