Starbucks: Is There a Sales Deal Behind the Scenes in China?

Starbucks Corporation (NASDAQ: SBUX) has clarified that it is currently not considering a complete divestiture of its China operations. After Caixin reported on allegedly ongoing sales negotiations, the company stated that it is not interested in a total sale. Instead, a formal review process is underway, where potential buyers (including private equity firms) were initially required to provide extensive information about the corporate culture, management, and sustainability measures. Starbucks is still facing the question of whether to involve...