Starbucks Considers Selling Majority Stake in Japan Business
Starbucks is considering selling a majority stake in its Japanese business, potentially valued at as much as $3 billion, or about 470 billion yen, as the U.S. coffee chain seeks to concentrate management resources on its struggling North American operations. (News On Japan)
Starbucks is contemplating selling a significant portion of its stake in its Japanese business, which could be valued at up to $3 billion or approximately 470 billion yen. This potential sale, according to Reuters, is part of the U.S. coffee chain's strategy to refocus its management resources on its underperforming North American operations. Japan represents about 9% of Starbucks' global store count, making it a crucial market for the company.
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