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Major Shifts in China's Retail and Food Industry: The Fallout of China's Economic Turmoil

Starbucks Sells a Majority Stake in China: A Sign of Strategic Retreat

On November 4th, the global coffee giant Starbucks announced a significant shift in its Chinese operations. Starbucks sold 60% of its China business to Boou Capital Investment Management, retaining only 40% ownership and control headquartered in Seattle. This move represents more than a simple restructuring; it's a profound redefinition of Starbucks' presence in China amidst mounting challenges.