Starbucks Corporation
Starbucks Announces Joint Venture with Boyu Capital for China Retail Operations
Summary
On November 3, 2025, Starbucks announced it has entered an agreement to form a joint venture with Boyu Capital to operate Starbucks retail in China. Boyu Capital will acquire up to a 60% interest in Starbucks retail operations in China, while Starbucks will retain 40% interest and license the Starbucks brand to the new entity. The total value of Starbucks' China retail business is expected to exceed $13 billion, combining proceeds from the sale, the value of retained interest, and licensing economics. The joint venture is expected to finalize in Q2 FY2026, pending regulatory approvals.
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About Starbucks Corporation
Starbucks Corporation is a renowned global leader in the coffeehouse industry, offering a wide array of beverages including coffee, tea, and other specialty drinks, alongside complementary food items. The company operates retail locations worldwide, providing customers with a unique coffeehouse experience characterized by quality products and a welcoming atmosphere. Beyond its physical stores, Starbucks significantly impacts the coffee production industry, promoting sustainable sourcing and ethical supply chain practices. Its operations extend into grocery and convenience stores through products like ready-to-drink beverages and consumer-packaged coffee. Founded in 1971 and headquartered in Seattle, Washington, Starbucks Corporation is pivotal in shaping consumer beverage preferences and enhancing global coffee culture, influencing both retail and wholesale sectors.
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