Starbucks sells 60% of China stores for cash and debt
STAR
Statements (3)
- Neutral
Starbucks previously executed a $1 billion store and roastery restructuring push exactly one year ago.
- Neutral
Starbucks retained a 40% stake in China operations worth $1.2B.
- Neutral
Starbucks created a joint venture in China and sold 60% of its stores for a mix of cash and debt raised by the new JV.