The coffee giant is planning a joint venture with private-equity firm Boyu Capital for its more than 8,000 stores.

Starbucks said Monday it is forming a joint venture with Chinese investment firm Boyu Capital to operate Starbucks stores in China. Related Articles. Young home ...

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The coffee giant said Monday that private-equity firm Boyu Capital will hold up to a 60% stake in its retail operations in China, while Starbucks will retain 40% and continue to own and license its ...

The coffee giant entered China more than a quarter of a century ago but has faced tough competition in recent years.

Starbucks said Monday it is forming a joint venture with Chinese investment firm Boyu Capital to operate Starbucks stores in China. Under the agreement, Boyu will acquire a 60% interest in Starbucks' ...