financetom
Business
financetom
/
Business
/
Starbucks has received 'a lot of interest' for China business stake, CEO tells FT
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Starbucks has received 'a lot of interest' for China business stake, CEO tells FT
Jun 11, 2025 1:12 AM

(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)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Omega Healthcare Investors Q4 Adjusted FFO, Revenue Increase
Omega Healthcare Investors Q4 Adjusted FFO, Revenue Increase
Feb 5, 2025
04:46 PM EST, 02/05/2025 (MT Newswires) -- Omega Healthcare Investors ( OHI ) reported Q4 adjusted FFO Wednesday of $0.74 per diluted share, up from $0.68 a year earlier. Analysts polled by FactSet expected $0.69. Revenue for the quarter ended Dec. 31 was $279.3 million, up from $239.3 million a year earlier. Analysts expected $228.4 million. The company said it...
Regal Rexnord Q4 Adjusted Earnings Rise, Net Sales Decline; Sets 2025 Guidance
Regal Rexnord Q4 Adjusted Earnings Rise, Net Sales Decline; Sets 2025 Guidance
Feb 5, 2025
04:46 PM EST, 02/05/2025 (MT Newswires) -- Regal Rexnord ( RRX ) reported Q4 adjusted earnings late Wednesday of $2.34 per diluted share, up from $2.28 a year earlier. Analysts polled by FactSet expected $2.47 normalized. Net sales in the quarter ended Dec. 31 were $1.46 billion, down from $1.61 billion a year earlier. Analysts surveyed by FactSet expected revenue...
Insmed Insider Sold Shares Worth $1,993,731, According to a Recent SEC Filing
Insmed Insider Sold Shares Worth $1,993,731, According to a Recent SEC Filing
Feb 5, 2025
04:46 PM EST, 02/05/2025 (MT Newswires) -- William Lewis, Director, Chair and CEO, on February 03, 2025, sold 25,580 shares in Insmed ( INSM ) for $1,993,731. Following the Form 4 filing with the SEC, Lewis has control over a total of 663,958 common shares of the company, with 379,534 shares held directly and 284,424 controlled indirectly. SEC Filing: https://www.sec.gov/Archives/edgar/data/1104506/000162828025004076/xslF345X05/wk-form4_1738791860.xml...
O'Reilly Automotive Q4 Earnings, Revenue Rise; 2025 Guidance Set; Shares Drop After Hours
O'Reilly Automotive Q4 Earnings, Revenue Rise; 2025 Guidance Set; Shares Drop After Hours
Feb 5, 2025
04:46 PM EST, 02/05/2025 (MT Newswires) -- O'Reilly Automotive (ORLY) reported Q4 diluted earnings Wednesday of $9.50 per share, up from $9.26 a year earlier. Analysts polled by FactSet expected $9.78. Revenue in the three months ended Dec. 31 rose to $4.1 billion, up from $3.83 billion a year earlier. Analysts surveyed by FactSet expected $4.05 billion. The company expects...
Copyright 2023-2026 - www.financetom.com All Rights Reserved