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Starbucks Sells 60% of China Unit to Boyu at $4 Billion Value

(Bloomberg) -- Starbucks Corp. agreed to sell a majority stake in its China business to private equity firm Boyu Capital at a $4 billion enterprise value in a bid to improve the coffee chain’s ...
AOL

Starbucks CEO Brian Niccol rules out a value menu as chain revamps

Starbucks CEO Brian Niccol took the helm in September 2024, inheriting a company facing its first revenue decline in four years amid customer complaints about high prices and long wait times. A year ...
Los Angeles Times

Starbucks lays off 1,100 corporate employees as coffee chain streamlines

Starbucks plans to lay off 1,100 corporate employees globally as new Chairman and Chief Executive Brian Niccol streamlines operations. In a letter to employees released Monday, Niccol said the company ...
The New York Times

With Starbucks Struggling, Can a Chinese Chain Make Inroads in New York?

Luckin Coffee, a dominant chain from China, arrived in the city in June vowing to inject “new vitality” into American coffee culture. By Tim Balk On a busy corner in Greenwich Village, a new coffee ...