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Investing.com -- Starbucks Corp . (NASDAQ:SBUX) is reviewing proposals from potential investors interested in its China operations, with most seeking a controlling stake, according to Bloomberg.
The coffee giant is currently evaluating these proposals and creating a shortlist of potential investors for the next bidding round. Starbucks plans to share financial and operational information with these selected bidders to help them assess the value of its Chinese assets.
While Starbucks initially preferred to sell only a minority stake to a partner who could help revitalize growth in its Chinese market, the company is now considering selling a larger portion based on valuation and other factors.
Prospective partners, including industry players and private equity firms, submitted non-binding proposals in June. Most are seeking a controlling stake that would give them decision-making authority and better align with their investment strategies.
The review process remains in early stages, and Starbucks has not made final decisions regarding the structure, valuation, or potential bidders. In a statement, the company emphasized that it sees "significant long-term potential in China."
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