10:58 - 15.05.2025
May 15, Fineko/abc.az. American coffee chain Starbucks is considering the matter of sale of its stake in the Chinese business.
ABC.AZ reports, referring to Bloomberg’s sources, that the management of the network has already contacted several potential investors. The value of the assets under discussion reaches several billion dollars. The final decision has not yet been made.
China is the second largest market for Starbucks. More than 7,700 coffee shops of this chain operate in China. However, the American company is facing serious competition from local businesses. For example, Chinese chain Luckin Coffee has already surpassed Starbucks in net profit, earning $1.2 billion in the first quarter of 2025, while the American coffee chain's figures for the same period amounted to $740 million.
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