Starbucks completes China JV, selling 60% stake to Boyu Capital while retaining brand control

Filed April 2, 2026 · Period ending April 2, 2026 · ~1 min read

Key Changes

• high

  Starbucks closed joint venture with Boyu Capital, selling 60% of China retail operations while keeping 40% ownership and full global brand rights. This restructures Starbucks' presence in one of its largest international markets.

  Item 8.01 view on EDGAR →
• high

  Transaction follows satisfaction of all closing conditions. Starbucks will continue as owner and licensor of the Starbucks brand globally despite reduced operational control in China.

  Item 8.01 view on EDGAR →
• medium

  Press release dated April 2, 2026 attached as exhibit, providing additional transaction details.

  Exhibit 99.1 verify on EDGAR →