Starbucks and Boyu Announce Joint Venture for the Next Chapter of Growth in China

SEATTLE--(BUSINESS WIRE)--Starbucks Coffee Company (Nasdaq: SBUX) today announced it has entered an agreement to form a joint venture with Boyu Capital, a leading alternative investment firm, to operate Starbucks retail in China. This partnership marks a significant milestone in Starbucks ongoing transformation and underscores its commitment to accelerating long-term growth in China, one of the company’s most important and fastest-growing markets globally. Under the agreement, Boyu and Starbuck