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Starbucks sells majority stake in China business as local competitors eat into market share

Starbucks sells majority stake in China business as local competitors eat into market share

Your support helps us to tell the story From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our...

Owner:  Evgeny Lebedev
What to expect in Washington state on Election Day

What to expect in Washington state on Election Day

WASHINGTON (AP) — Washington state voters will decide whether to amend their constitution to allow funds from a long-term care insurance program to be invested in the stock market. It is the only statewide contest in a Nov. 4 election that will...

Owner:  American Government
Seattle’s Mitch Garver, Michael King, and Michael Lorenzen become free agents

Seattle’s Mitch Garver, Michael King, and Michael Lorenzen become free agents

NEW YORK (AP) — Pitchers Michael King and Michael Lorenzen along with catcher Mitch Garver became free agents Monday when their mutual options for 2026 were declined. King declined his option with San Diego, while Kansas City turned down Lorenzen...

Owner:  Townsquare Media
André Burakovsky scores against his former team, but the Chicago Blackhawks lose 3-1 to the Seattle Kraken

André Burakovsky scores against his former team, but the Chicago Blackhawks lose 3-1 to the Seattle Kraken

SEATTLE — Matty Beniers and Jordan Eberle each had a goal and an assist as the Seattle Kraken beat the Chicago Blackhawks 3-1 on Monday. Jamie Oleksiak also scored for the Kraken, and Joey Daccord finished with 29 saves. André Burakovsky scored...

Owner:  Randall D. Smith & Heath Freeman
Starbucks to sell control of China business to Boyu

Starbucks to sell control of China business to Boyu

Starbucks said it would sell control of its operations in China to Boyu Capital in a deal that values the business at $4 billion - one of the largest divestments of a China unit by a global consumer company in recent years. The Seattle-based...

Owner:  Irish Government
Starbucks to sell control of China business to Boyu Capital in $5.2 billion deal

Starbucks to sell control of China business to Boyu Capital in $5.2 billion deal

Hong Kong - Starbucks said on Nov 3 it would sell control of its China operations to investment firm Boyu Capital in a deal valued at US$4 billion (S$5.2 billion), in one of the most valuable divestments of a China unit by a global consumer...

Owner:  Ong Beng Seng & Singaporean Government
Loons’ slow start ends in Game 2 loss in Seattle

Loons’ slow start ends in Game 2 loss in Seattle

Minnesota United’s slow start Monday cost them Game 2 of the MLS Cup Playoff series. The Seattle Sounders rode three first half goals and an insurance goal late in the second half to produce a 4-2 in at Lumen Field in Seattle. A make-or-break Game...

Owner:  Marcil-Black Family
Meet the investor buying 60% of Starbucks' China business in a $4 billion deal

Meet the investor buying 60% of Starbucks' China business in a $4 billion deal

Starbucks' China business is getting a big jolt with a new majority owner. The Seattle-based coffee chain announced on Monday that it would sell a large part of its China business to private equity firm Boyu Capital. In a deal valued at $4...

Owner:  Mathias Döpfner & Friede Springer
Washington forestry leader sees allies in agriculture

Washington forestry leader sees allies in agriculture

OLYMPIA — Ben Franklin supposedly told colonists to hang together or get set to hang separately. Jason Spadaro has a similar, if not quite as dire, message for timberland owners and farmers. Washington timber companies are fighting a proposal that...

Owner:  Todd Carpenter
Starbucks sells majority stake in China business to Boyu Capital in $4B deal

Starbucks sells majority stake in China business to Boyu Capital in $4B deal

Starbucks announced Monday that it has sold a majority stake in its China business to Boyu Capital in a deal valuing the unit at $4 billion. Under the agreement, Boyu will hold a 60% stake, while Starbucks will retain the remaining 40%, News.Az...

Owner:  Non-transparent
When will rental price increases slow down in the Seattle-area?

When will rental price increases slow down in the Seattle-area?

WASHINGTON — With the rent in Western Washington higher than ever and a newly passed statewide rent cap, many are wondering when they will see some sort of rent relief. Some experts believe the rental market has entered a window that’s much...

Owner:  Apollo Global Management
49ers predicted to trade for 28-sack edge rusher at the deadline

49ers predicted to trade for 28-sack edge rusher at the deadline

The 2025 trade deadline is here, and there will undoubtedly be plenty of moves made before the end of the day Tuesday. The Week 9 games helped teams decide whether they wanted to be buyers or sellers. One team that will almost definitely buy is...

Owner:  Paul Stewart
Economic anxiety grows during shutdown and the final push to Election Day: Morning Rundown
Starbucks to sell control of China business to Boyu, aims for rapid growth

Starbucks to sell control of China business to Boyu, aims for rapid growth

The coffee chain has been credited with creating the market for coffee in China after entering in 1999 [HONG KONG] Starbucks said that it would sell control of its operations in China to Boyu Capital in a deal that values the business at US$4...

Owner:  SPH Media Trust
Starbucks seals deal to sell 60% of China business to private-equity firm

Starbucks seals deal to sell 60% of China business to private-equity firm

Starbucks agreed to sell a 60 per cent stake in its Chinese operations to a private-equity firm, ending months of speculation about whether the US coffee chain would divest itself of its mainland operations amid dimmer business prospects and the...

Owner:  Alibaba Group
Washington State vs Oregon State Prediction, Picks & Odds for Tonight — College Football Week 10

Seattle Paying Up To 53% More Than The National Average For Gasoline

Gas prices are falling across much of the United States, but Seattle drivers are still paying a premium, according to Fox 13 Seattle. The national average for a gallon of gas is $3.066. In Washington state, the average jumps to $4.388 per gallon....

Owner:  Ivandjiiski Family

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