Starbucks

Starbucks Malaysia operator sees business rebound after boycotts

The brand overhang from geopolitical tensions may continue suppressing demand in the near term, delaying a return to pre-boycott performance levels

Starbucks is among several foreign retailers turning to local partners to help improve their fortunes in China amid stern competition from domestic rivals.

Boyu Capital considers bringing Tencent, GIC into Starbucks China deal

The Chinese retail operations are valued at around US$4 billion

Starbucks Workers United has filed more than 100 charges against the company since December for alleged unfair labour practices, such as retaliation against unionising baristas.

US lawmakers urge Starbucks CEO to restart union talks

Republicans are not included in both letters penned to the company

Starbucks this week agreed to sell the controlling stake in its China arm to Boyu at a US$4 billion enterprise value in a bid to improve the coffee chain’s flagging business in the country.

Chinese banks edge out global rivals in financing Boyu Capital’s Starbucks China deal: sources

Ping An Bank, Industrial Bank, and China Minsheng Banking are set to arrange a seven-year syndicated loan of about US$1.4 billion

Starbucks will hold 40% and will continue to license the brand and intellectual property to the venture.

Starbucks to sell control of China business to Boyu, aims for rapid growth

The coffee chain has been credited with creating the market for coffee in China after entering in 1999

Starbucks has lowered prices for non-coffee products in China, and has been trying to offer more customisation and local flavours.

Starbucks sales rebound globally, coffee prices bite margins

Global prices for raw arabica beans are up more than 20% this year after soaring 70% in 2024

Starbucks and Boyu may need a few months to negotiate and agree on terms to finalise a deal, according to sources.

Starbucks eyes Boyu Capital as frontrunner in China business revival: sources

Boyu is the likeliest buyer for a controlling stake of the business after outbidding other private equity firms

One of the Home-grown stars is jewellery retailer Laopu Gold, often called the “Hermes of gold”, whose shares have soared 214% this year.

In China, global companies struggle as home-grown brands steal thunder

From BMW to Uniqlo and Ikea, global companies have soured on China’s outlook