Starbucks and Burger King are betting big on a partnership model that's gaining traction in China, divesting stakes to local PE firms as competition intensifies.
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The US coffee giant wants to more than double its presence in China with the help of private equity firm Boyu Capital.
About 30 PE firms have submitted non-binding offers, valuing Starbucks between $5 billion and $10 billion, with bidding expected…
Over the next decade, the joint venture aims to more than double Burger King's footprint in China.
The coffee giant entered China more than a quarter of a century ago but has faced tough competition in recent years.
Starbucks has reached out to private equity firms, technology companies and others as it mulls options for its China business,…
Fast-food chain aims to expand to more than 4,000 locations in China under deal with Beijing-based private equity firm.
