Starbucks (SBUX) has received “a lot of interest” in the sale of a stake in its China business as the company explores a partnership with an outside investor to help restore growth in the country, Gregory Meyer of The Financial Times reports, citing comments made by CEO Brian Niccol in an interview with the journal. Niccol said Starbucks was exploring the sale of a minority stake in its China unit. “The strategy in China is we want to be more competitive,” Niccol said, noting the company is adjusting its “pricing architecture” in the country.
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