Starbucks solicits interest in China business, Bloomberg reports

Starbucks (SBUX) has reached out to private equity firms, tech companies, and others as it weighs options for its China business, Bloomberg’s Dong Cao, Manuel Baigorri, and Pei Li reported yesterday, citing people familiar with the matter. The coffee giant issued letters via a financial adviser to a number of potential suitors this week to solicit views on the unit and how to grow it, the authors say, noting that a transaction could value the business at several billion dollars.