June 11 (Reuters) - Starbucks ( SBUX ) has received "a lot of
interest" in the sale of a stake in its China business, its
chief executive told the Financial Times in an interview
published on Wednesday, as the U.S. coffee chain looks to revive
sales in its second-largest market.
"The good news is we've got a lot of interest - a lot of
interest," Starbucks ( SBUX ) CEO Brian Niccol told the FT.
"People see the value of the Starbucks brand. They see the
coffee category is growing. I think they'd love to be partnering
up with us in figuring out how we take this from 8,000 to 20,000
(stores)."
KKR & Co ( KKR ), Fountainvest Partners and PAG are among
buyout firms interested in acquiring a stake in Starbucks' ( SBUX ) China
business, Reuters reported in February.
(Reporting by Kanjyik Ghosh in Bengaluru; Editing by Saumyadeb
Chakrabarty)