Jun. 11 at 1:54 AM
Starbucks Corp. is exploring strategic options for its Japan business, including the potential sale of a stake, following its recent decision to sell a majority interest in its China operations, according to people familiar with the matter. The company has reportedly held preliminary discussions with investment banks to evaluate its strategy in one of its most important international markets, where it operates nearly 2,100 stores, most of them directly managed.
Sources said a stake sale could value the Japanese business at between ¥400 billion and ¥500 billion, potentially attracting interest from industry players and private equity firms. An initial public offering of the Japan unit is also being considered, although no final decisions have been made.
The move would align with Starbucks' broader strategy of adopting more asset-light partnerships outside the U.S. to support growth while freeing up capital for investments in its brand, product innovation, and digital capabilities.
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