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Investing.com -- Global investment firms Carlyle Group and EQT are reportedly preparing final offers for a controlling stake in Starbucks’ China operations, along with regional players HongShan Capital Group and Boyu Capital.
The coffee chain has requested binding bids from these potential buyers by early October, Reuters reported on Thursday.
A deal for the China business could potentially be reached by the end of October, the report indicated.
Starbucks has been evaluating strategic options for its operations in China, which represents one of its largest international markets.
The sale process appears to be advancing with both international investment firms and Asia-based capital groups showing interest in acquiring control of the coffee giant’s Chinese business.
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