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Starbucks sells majority stake in China business in $4B deal

Starbucks sells majority stake in China business in $4B deal

Starbucks has said it will sell a controlling stake in its Chinese retail operations to investment firm Boyu Capital in a deal valuing the business at around US$4 billion.
Starbucks to close hundreds of stores in $1B restructuring plan

Starbucks to close hundreds of stores in $1B restructuring plan

Starbucks CEO Brian Niccol praises Luckin Coffee’s rapid innovation

Starbucks CEO Brian Niccol praises Luckin Coffee’s rapid innovation

Starbucks to shift to 4-day work from office from 3

Starbucks to shift to 4-day work from office from 3

Starbucks CEO Brian Niccol said the coffee giant will require many of its employees to work out of office for a minimum four days a week, from the current three, as part of a new policy expected to kick in later this year.
July 14, 2025 | 11:47 pm PT
Starbucks denies plans to fully sell China business

Starbucks denies plans to fully sell China business

U.S. cafe chain Starbucks said it is not currently considering a full sale of its China operations, after Chinese financial magazine Caixin reported that it was, without disclosing where it obtained the information.
June 24, 2025 | 08:12 pm PT
Starbucks to lower prices in China as competition heats up

Starbucks to lower prices in China as competition heats up

Starbucks China will lower the prices of some of its iced drinks by an average of 5 yuan ($0.70) across the country, the company announced on Monday, as competition intensifies and consumers become more cautious about spending.
June 10, 2025 | 12:58 am PT
Starbucks offers up to $360,000 for private jet pilot

Starbucks offers up to $360,000 for private jet pilot

Starbucks is hiring a private jet pilot with a salary range reaching up to US$360,300 annually, according to a recent job listing reported by Business Insider.
May 28, 2025 | 12:46 am PT
Starbucks, Luckin Coffee gain sales momentum in China by tapping smaller cities

Starbucks, Luckin Coffee gain sales momentum in China by tapping smaller cities

Starbucks and Luckin Coffee gained traction in China in the first quarter by targeting lower-tier cities as major urban hubs show signs of market saturation.
May 11, 2025 | 10:49 pm PT
Vietnamese café takes over prime HCMC spot where Starbucks once paid $29,000 a month

Vietnamese café takes over prime HCMC spot where Starbucks once paid $29,000 a month

A Vietnamese coffee shop has taken over a prime retail space on Han Thuyen Street in Ho Chi Minh City’s District 1, eight months after Starbucks closed its high-end store there.
May 7, 2025 | 04:08 am PT
China’s largest coffee chain Luckin Coffee establishes exclusive coconut island in Indonesia

China’s largest coffee chain Luckin Coffee establishes exclusive coconut island in Indonesia

China’s largest coffee chain Luckin Coffee has signed an agreement with Indonesia’s Banggai Islands Regency, making it the exclusive premium origin of coconut milk for its flagship Coconut Latte.
March 24, 2025 | 08:51 pm PT
Starbucks ordered to pay $50M to customer burned by hot beverage

Starbucks ordered to pay $50M to customer burned by hot beverage

A delivery driver has won $50 million in a lawsuit after being seriously burned when a Starbucks drink spilled in his lap at a California drive-through, court records show.
March 17, 2025 | 03:16 pm PT
Chinese food and beverage chains win fans in Southeast Asia

Chinese food and beverage chains win fans in Southeast Asia

Chinese food and beverage brands are gaining ground across Southeast Asia, offering alternatives to big name American chains and expanding Beijing’s commercial and cultural influence in neighboring economies.
March 16, 2025 | 03:31 pm PT
Quiz: Which is the world's largest food & beverage chain?

Quiz: Which is the world's largest food & beverage chain?

This food and beverage chain has the most stores globally, with 45,302 as of September 2024.
March 6, 2025 | 02:55 pm PT
Mixue founders surpass Starbucks’ billionaire ex-CEO Howard Schultz in wealth with $8.1 billion fortune

Mixue founders surpass Starbucks’ billionaire ex-CEO Howard Schultz in wealth with $8.1 billion fortune

Zhang Hongchao and Zhang Hongfu, founders of Chinese beverage giant Mixue Group, now have a combined net worth of $8.1 billion, surpassing Starbucks' former CEO Howard Schultz.
March 4, 2025 | 08:57 pm PT
Shares of world's largest F&B chain Mixue jump nearly 30% in trading debut

Shares of world's largest F&B chain Mixue jump nearly 30% in trading debut

Shares of Mixue, world's largest food and beverage chain by store count, rose nearly 30% on their first day of trading on the Hong Kong Stock Exchange on Monday.
March 2, 2025 | 09:28 pm PT
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