Starbucks sales

In a significant move, Starbucks has announced plans to sell a 60% stake in its China business to Boyu Capital, a private equity firm, in a deal valued at $4 billion. The transaction, which is subject to regulatory approval, will give Boyu Capital a majority stake in Starbucks’ 8,000 stores...

In its latest quarterly report, Starbucks announced a modest increase in sales, a positive note for the global coffee giant. However, the company’s net income took a significant hit, plummeting 85 percent, due to substantial charges related to store closures and corporate layoffs. The sales growth, though modest, suggests that...