Starbucks has received ‘a lot of interest’ for China business stake, CEO tells FT
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Starbucks has received ‘a lot of interest’ for China business stake, CEO tells FT
Starbucks has received “a lot of interest” in the sale of a stake in its China business, its chief executive told the Financial Times.KKR & Co, Fountainvest Partners and PAG are among buyout firms interested in acquiring a stake, Reuters reported in February.
“The good news is we’ve got a lot of interest — a lot of interest,” Starbucks CEO Brian Niccol told the FT.
“People see the value of the Starbucks brand. They see the coffee category is growing. I think they’d love to be partnering up with us in figuring out how we take this from 8,000 to 20,000 (stores).”
KKR & Co, Fountainvest Partners and PAG are among buyout firms interested in acquiring a stake in Starbucks’ China business, Reuters reported in February.
(Reporting by Kanjyik Ghosh in Bengaluru; Editing by Saumyadeb Chakrabarty)
Starbucks has received ‘a lot of interest’ for China business stake, CEO tells FT
Starbucks has received “a lot of interest” in the sale of a stake in its China business. CEO Brian Niccol says people see the value of the Starbucks brand.KKR & Co, Fountainvest Partners and PAG are among buyout firms interested in acquiring a stake.
“The good news is we’ve got a lot of interest — a lot of interest,” Starbucks CEO Brian Niccol told the FT.
“People see the value of the Starbucks brand. They see the coffee category is growing. I think they’d love to be partnering up with us in figuring out how we take this from 8,000 to 20,000 (stores).”
KKR & Co, Fountainvest Partners and PAG are among buyout firms interested in acquiring a stake in Starbucks’ China business, Reuters reported in February.
(Reporting by Kanjyik Ghosh in Bengaluru; Editing by Saumyadeb Chakrabarty)
Source: https://finance.yahoo.com/news/starbucks-received-lot-interest-china-075054431.html