Starbucks' China unit has attracted bids valuing the business at up to US$5 billion, amid economic headwinds and rising competition.
Bidders for Starbucks' China operations have submitted offers valuing the business at as much as US$5 billion, making it one of the largest divestments by a global consumer firm in China, reported Reuters.
starbucks invited around 10 potential buyers to submit non-binding bids by early September. The company is seeking to advance the sale as it faces slowing growth and strong local competition.
Most bids valued the unit at roughly 10 times its projected 2025 EBITDA of $400 million to $500 million, according to sources familiar with the discussions.
SeaNews Turkey
Bidders for Starbucks' China operations have submitted offers valuing the business at as much as US$5 billion, making it one of the largest divestments by a global consumer firm in China, reported Reuters.
starbucks invited around 10 potential buyers to submit non-binding bids by early September. The company is seeking to advance the sale as it faces slowing growth and strong local competition.
Most bids valued the unit at roughly 10 times its projected 2025 EBITDA of $400 million to $500 million, according to sources familiar with the discussions.
SeaNews Turkey
