Starbucks rises; received 'a lot of interest' for China business, CEO tell FT
ReutersJun 11, 2025 3:39 PM
Shares of coffee chain Starbucks SBUX.O up 3.5% at $94.61
Co fielding "a lot of interest" for China business stake, CEO tells Financial Times in an interview
Starbucks has been considering options for its troubled business in China as it grapples with stiff competition from cheaper coffee offered by local rivals
Earlier this week, co also said it would lower prices in China, which is its second-largest market after the U.S.
Stock rises for fourth straight session
YTD, stock up 0.2% as of last close
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