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Starbucks gains as it agrees to sell China operations in $4 billion deal

ReutersNov 3, 2025 10:13 PM

Shares of cafe chain Starbucks SBUX.O up 2.5% at $82.98 in extended trading

SBUX says it has agreed to sell control of China operations to Boyu Capital in deal valued at $4 bln

Starbucks says it will hold a 40% stake in the China joint venture

The companies say Starbucks will continue to own and license the Starbucks brand and intellectual property to the new entity

Up to last close, SBUX had fallen ~11% this year

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