Starbucks Evaluating Offers for China Business

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The US coffee chain is evaluating five offers and is looking for a local partner to guide it through the increasingly competitive market. The private equity groups Carlyle and Boyu Capital are considered the leading candidates for the majority stake in Starbucks' China business. The US coffee chain is currently reviewing five offers and is seeking a local partner to navigate the increasingly competitive market. Three people familiar with the transaction process stated that the two groups are viewed as preferred partners by Starbucks. The valuation...
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