Carlyle and Boyu emerge as likely buyers for Starbucks’ China operations, sources say
Dubai – Qahwa World Private equity firms Carlyle Group and Boyu Capital have reportedly taken the lead in efforts to acquire a controlling stake in Starbucks’ China business. Seattle-based Starbucks initiated a formal sales process in May 2025, seeking to bring in strategic partners amid slowing growth and stiff competition from local chains such as</p>
