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Bidders Value Starbucks China Operations at $5 Billion Amid Competitive Pressure
Bidders Value Starbucks China Operations at $5 Billion Amid Competitive Pressure
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BTCCSquare news:
Starbucks' Chinese operations are drawing bids at valuations up to $5 billion, according to Reuters sources—half the $10 billion figure previously floated. The current bid range reflects a 10x EBITDA multiple, with the unit generating $400-$500 million in Core earnings this year. At least one suitor proposes a premium valuation in the upper teens multiple range.
The coffee chain began soliciting offers for a minority stake as local rivals like Luckin erode market share. Private equity firms Carlyle, EQT, and Hillhouse are among those circling, alongside strategic investors such as Tencent. The auction highlights how even iconic Western brands must recalibrate strategies in China's cutthroat consumer arena.
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