Starbucks China attracts bids valuing the coffee chain at up to $10 billion: Report
CHINA, JUL 8 – Starbucks considers selling a majority stake in its China business to address sales challenges amid competition, with offers from about 30 investors including private equity firms.
- Starbucks China has attracted offers from around 30 domestic and foreign private equity firms, valuing the business between $5 billion and $10 billion.
- Starbucks is evaluating the offers and deal structure proposals, with a potential stake sale of up to 70% to a group of buyers, each holding less than 30%.
- Goldman Sachs is the financial adviser leading the process, but Starbucks may call off the deal if offers do not match its expected valuation.
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Starbucks China attracts bids valuing the coffee chain at up to $10 billion, sources say
About 30 PE firms have submitted non-binding offers, valuing Starbucks between $5 billion and $10 billion, with bidding expected to settle around the top end of that range, sources said.
·United States
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Leaning Left5Leaning Right6Center10Last UpdatedBias Distribution48% Center
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