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Starbucks intends to sell equity in its business in China? The official response: continue to explore strategic partnerships to achieve sustained growth in China.
According to foreign media reports on the afternoon of February 26, sources say that multiple private equity funds including KKR, Fountainvest Partners, and PAG intend to acquire a stake in Starbucks' China Business. At the same time, domestic companies such as China Resources and Meituan are also seen as potential buyers and have been in contact with Starbucks. In response, Starbucks stated that CEO Brian Niccol first visited China at the end of January and commented on the Chinese market during the first quarter Earnings Reports meeting: "During my visit to China,"
