Boyu Capital emerges as top contender to acquire majority stake in Starbucks China, outbidding Carlyle Group with a potential $4bn valuation. Negotiations ongoing, participation from internet companies and investors likely. Starbucks and Boyu remain silent, Carlyle declines comment. Boyu, founded in 2011, invests in various sectors, including consumer and retail.

Starbucks shortlists Boyu Capital, Carlyle Group, EQT, HongShan Capital Group, and Primavera Capital for China stake sale. Boyu, based in Cayman Islands, engages in real estate, infrastructure, private equity, public equities, venture capital, and renewable energy. Starbucks aims to expand in China, retaining a significant stake with interest from 20 potential investors.

Starbucks reports $558.3m net earnings for Q3 FY25, a 47% decrease year-on-year. Consolidated net revenues rise 4% to $9.45bn for the quarter ending 29 June 2025. CEO envisions China market growth to 20,000 stores, emphasizing Starbucks’ commitment to a substantial presence. Deal with Boyu Capital could reshape Starbucks China operations.

Read more at Yahoo Finance: Boyu Capital is frontrunner for controlling stake in Starbucks China