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Starbucks Corp (NASDAQ:SBUX, ETR:SRB) is currently seeking bids for a stake in its China business, with the potential valuation of this unit reaching up to $10 billion, according to a Reuters report. China represents Starbucks' largest market outside the US, contributing more than 8% of the company's global revenue.
Starbucks has asked a short-listed group of potential bidders to submit non-binding bids for a stake in its China business within the next two weeks, two people with knowledge of the matter said.
I like that Telus is deleveraging, and I'll be following how much revenue the co-location of cell towers could bring to the table now that Telus's tower network is half-owned by a third party. I see lots of smoke around the U.S. economy. If goods prices increase, consumers will have difficulty coping with more inflation. It could lead to a softer job market. Microsoft crushed expectations with another strong quarter.
Starbucks is expanding its health and wellness offerings by testing coconut water beverages in hundreds of additional stores.
Starbucks is pushing further into the health and wellness space with an expanded test of coconut water beverages in additional stores. The coffee giant will be testing its Coco Matcha and Coco Cold Brew drinks in more than 400 stores across major cities including New York, Los Angeles and the greater Chicago area, along with select cities in the Midwest beginning Aug. 21.
From A.I. to retail, @Theotrade's Don Kaufman is bearish on all of today's Big 3. He believes technicals are working against Broadcom (AVGO), braces volatility around Walmart's (WMT) earnings, and expects Starbucks' (SBUX) recovery story to take longer than investors expect.
SBUX shares have lost 19% in six months as U.S. sales falter, margins shrink and its turnaround faces execution risks.
CNBC's Kate Rogers joins 'The Exchange' to discuss how fast food chains are leaning into beverages to draw in Gen Z.
Analysts say more welcoming atmospheres at chains like Starbucks and Cava can't hurt. But how much will they help?