{"id":48286,"date":"2025-10-22T06:41:10","date_gmt":"2025-10-22T06:41:10","guid":{"rendered":"https:\/\/daoinsights.com\/?p=48286"},"modified":"2025-10-22T08:03:56","modified_gmt":"2025-10-22T08:03:56","slug":"starbucks-china-sale-reported-to-be-entering-its-final-stages","status":"publish","type":"post","link":"https:\/\/daoinsights.com\/news\/starbucks-china-sale-reported-to-be-entering-its-final-stages\/","title":{"rendered":"Starbucks\u2019 China sale reported to be entering its final stages\u00a0"},"content":{"rendered":"\n

It\u2019s been rumoured for more than a year that Starbucks was looking to sell part of its China business<\/a>. In July, the company finally confirmed it was \u2018exploring strategic options.\u2019 Now, according to Reuters<\/a>, the Starbucks China sale is nearing its final stages. Expected close dates come as soon as the end of October, though insiders say the timeline could still shift.\u00a0<\/p>\n\n\n\n

This isn\u2019t an exit, but a recalibration. Starbucks plans to bring in investors, while keeping what it calls a \u2018meaningful minority stake.\u2019 <\/strong>The exact number is still under wraps. Reuters reports that a controlling interest is on offer. The Financial Times suggests Starbucks’ China sale may still allow the company to retain a stake of up to 49%. Some outlets have floated 30%, but that\u2019s speculative at best.\u00a0<\/p>\n\n\n\n

So, who\u2019s buying Starbucks\u2019 China?  <\/h2>\n\n\n\n
\"\"
Image: Rednote\/\u661f\u5df4\u514b<\/sub><\/figcaption><\/figure>\n\n\n\n

Four investors are said to be in the final round of the Starbucks China sale:\u00a0<\/strong><\/p>\n\n\n\n

Boyu Capital<\/strong> \u2013 a Hong Kong\u2013based private equity firm best known for its part in Alibaba\u2019s share buyback and China Duty Free deals, and more recently a stake in Beijing\u2019s SKP luxury mall.\u00a0<\/p>\n\n\n\n

EQT<\/strong> \u2013 the Swedish buyout group expanding steadily across Asia, now eyeing China\u2019s caffeine economy.\u00a0<\/p>\n\n\n\n

The Carlyle Group<\/strong> \u2013 remembered in China for its role in the 2017 McDonald\u2019s sale that handed 80% of the business to a consortium including Citic and Carlyle itself.\u00a0<\/p>\n\n\n\n

HongShan Capital<\/strong> (formerly Sequoia China) \u2013 a surprise entry, fresh off acquiring UK amplifier brand Marshall, signalling a tilt toward global consumer assets.\u00a0<\/p>\n\n\n\n

The deal reportedly values Starbucks China at around US $5 billion.\u00a0<\/p>\n\n\n\n

Why sell?\u00a0\u00a0<\/h2>\n\n\n\n

The bean counters aren\u2019t happy. After half a decade of uneven growth, Starbucks\u2019 China story has lost some fizz. Between 2019 and 2024, revenue flatlined between US $2.6 billion and US $3.6 billion, while its market share slid from 34% to roughly 14%.\u00a0<\/strong><\/p>\n\n\n\n

The slowdown tracks a broader shift in China\u2019s beverage scene. Luckin and Cotti Coffee are flooding the market with low-cost brews; milk-tea chains keep redefining \u2018affordable indulgence.\u2019 Starbucks even trimmed prices this year \u2013 a rare concession for a brand that once sold aspiration by the cup. If the sale closes as expected, Starbucks will secure fresh capital and local partners while steering clear of China\u2019s bruising platform wars. For Starbucks it\u2019s a pragmatic move, for the market it\u2019s a significant one: the brand that once taught China to queue up for coffee now has to get to the back of the line. <\/p>\n","protected":false},"excerpt":{"rendered":"

It\u2019s been rumoured for more than a year that Starbucks was looking to sell part of its China business. In July, the company finally confirmed it was \u2018exploring strategic options.\u2019 Now, according to Reuters, the Starbucks China sale is nearing its final stages. Expected close dates come as soon as the end of October, though […]<\/p>\n","protected":false},"author":2,"featured_media":48288,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","footnotes":""},"categories":[2],"tags":[69,68],"class_list":["post-48286","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-industries-food-beverage","tag-industries-society-culture","has-thumbnail"],"acf":[],"yoast_head":"\nStarbucks\u2019 China sale reported to be entering its final stages\u00a0<\/title>\n<meta name=\"description\" content=\"A Starbucks China sale has due for a while now, but new reports say it could be in its closing stages. 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