June 9 (Reuters) - Starbucks ( SBUX ) is weighing options
for its Japanese business, including a stake sale, Bloomberg
News reported on Tuesday.
A stake sale might be valued at ¥400 billion ($2.5 billion)
to ¥500 billion, possibly attracting interest from other
industry players and private equity firms, the report added,
citing people familiar with the matter.
Starbucks ( SBUX ) did not immediately respond to Reuters' request
for a comment outside regular business hours. Reuters could not
immediately verify the report.
In 2014, the company bought the remaining stake in Starbucks
Coffee Japan Ltd, which had operated as a joint venture between
Starbucks ( SBUX ) and its partner, Sazaby League, since 1995.
The Seattle-based coffee chain closed its deal with Boyu Capital
to sell control of its Chinese operations in April, valuing the
business at $4 billion.
Starbucks ( SBUX ) posted its strongest quarterly sales growth in two and
a half years in April, but as costs rise faster under CEO Brian
Niccol's turnaround strategy, questions remain as to how quickly
profit margins can recover.
($1 = 160.3300 yen)