Starbucks Corporation is planning to sell off Starbucks Japan, report says
Do Starbuck Japan and Starbucks U.S.A. not need each other anymore? Like 7-Eleven and McDonald’s, Starbucks has become an originally American brand that many travelers will tell you does things a little differently, and better, in Japan. Known for quality and creativity, Starbucks Japan is constantly cycling new, seasonal items in and out of its […]
Starbucks Corporation may be considering selling off its majority stake in Starbucks Japan, according to Reuters. The decision comes as part of a broader reassessment of the company's global assets, with the goal of focusing more on the U.S. market, where Starbucks is currently experiencing a slump in profits. While Starbucks Japan is extremely popular, with 1,883 locations accounting for 9 percent of the chain's global presence, there appears to be limited synergy between the Japanese and American branches.
Many of the most popular items at Starbucks Japan are unique creations not found in U.S. stores. Despite this, Starbucks Japan is the largest Starbucks market outside the U.S., valued at approximately US$3 billion. The sale process, if initiated, could begin before the end of the year.
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