#CNBC Starbucks CEO Brian Niccol says he sees ‘opportunity for growth’ in China

Starbucks CEO Brian Niccol says he sees ‘opportunity for growth’ in China
Starbucks CEO Brian Niccol told CNBC that he is “really excited about the opportunity for growth in China,” a market that the coffee giant has struggled in since the pandemic. Since lockdowns have been lifted, local rivals who can undercut the chain on pricing have stolen market share from the U.S. company.

In October, the company said that it was exploring strategic partnerships for its second-largest market. More recently, Starbucks has said that it has received “significant interest” from more than 20 parties.

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