Source: China – South China Morning PostMost of the bidders seeking to buy a portion of Starbucks’ China operations have submitted offers valuing the business at as much as US$5 billion, said two people with knowledge of the discussions.
That would make a potential deal one of the most valuable China unit divestments by a global consumer company in recent years.
The offers, which have not been reported previously, would let Starbucks push ahead with the sale in a market where it faces sluggish growth and stiff competition from local…Read More