US EditionStarbucks, Burger King Raise Eyebrows After Selling Massive Stakes to Chinese Private Equity Funds: 'Enables the Business to Operate at China Speed'
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4 Articles
Starbucks, Burger King raise eyebrows after selling massive stakes to Chinese private equity funds: 'Enables the business to operate at China speed'
Starbucks and Burger King, along with other large Western companies, are offloading large shares of their China operations to private equity groups based in China, according to CNBC. Starbucks agreed to sell 60% of its China operations to Boyu Capital for $4 billion. CPE Capital is acquiring an 83% stake in Burger King's China business for $350 million. IDG Capital purchased a controlling share of Yoplait's operations in China, valued at around …
Local funds take operational control of two Western icons while Beijing consolidates its consumer power and Washington observes the silent retreat of its fast food champions.
Bigstock Starbucks will sell 60% of its operation in China to Boyu Capital for 4,000 mdd. CPE Capital will acquire 83% of Burger King China with an investment of 350 mdd. In 2023, Lucky Coffee surpassed Starbucks in sales and number of stores in the Chinese market. A changing model to compete in Chinese land For years, Western brands in China enjoyed an almost aspirational status. Premium products, little local competition and a base of urban co…
Well-known brands such as Starbucks, Decathlon and Costa consider selling their China business to private equity partners. A prominent role model shows the way
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