EQT, Bain Capital, and Primavera are among the potential bidders for the Starbucks China stake.
2 reports, 2 independent
Updated Aug 22
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What happened
EQT, Bain Capital, and Primavera are among the potential bidders for the Starbucks China stake.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.Keep exploring
Part of
Brian Niccol is leading the 'Back to Starbucks' turnaround strategy, which is facing headwinds in international markets like China. TD Cowen upgraded the stock to Buy in mid-May.Also in this story
- Starbucks, led by Brian Niccol, is conducting major product launches in the North American region.
- Starbucks stock price reflects market expectations regarding the company's operational turnaround strategy.
- Nvidia is mentioned in context of Nasdaq signals while Starbucks shares are traded on Nasdaq, and Niccol leads the turnaround plan.
- Starbucks faces activist investor pressure and declining customer visits as Niccol leads turnaround efforts.
The entities involved
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Starbucks
American multinational coffee company
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EQT
American energy company
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Bain Capital
American alternative investment firm specialized in private equity, venture capital and credit products
Related events
- China is Starbucks' second-largest market, and UBS maintained its price target on the company.
- Starbucks is undergoing a strategic revival led by Brian Niccol, looking to differentiate its brand, study operational models, and draw inspiration from international coffee cultures like Milan's.
- DFI Retail Group will assume majority ownership of Starbucks-licensed business, while Sembcorp completed the acquisition of Alinta.
Coverage
Newest first; wire copies grouped- ReutersStarbucks expects non-binding bids for China business within two weeks, sources say By Kane Wu and Julie Zhu HONG KONG (Reuters) -Starbucks has asked a short-listed group of potential bidders to subm
- BloombergStarbucks Shortlists Dozen Firms Including Tencent for China Investment (Bloomberg) -- Starbucks Corp. has shortlisted about a dozen parties including private equity firms and technology companies in