Starbucks Bids Adieu to China. Why It Could Boost the Stock.

Change keeps coming to Starbucks and we’re not talking about the happy messages workers are now required to write on the cups even as some go on strike. On Monday, Starbucks announced that it would sell a 60% stake in its China operation to Chinese asset manager Boyu Capital for a $4 billion enterprise value, while creating a joint venture that includes licensing payments to Starbucks. Whatever the rationale, the JV seems to make sense for Starbucks.

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