Starbucks Retreats in China Amid Local Competition Surge | Vantage on Firstpost | N18G #Firstpost
Starbucks Retreats in China Amid Local Competition Surge | Vantage on Firstpost | N18G
Starbucks is handing over control of its China operations to local firm Boyu Capital, signalling a major shift in strategy. With rising costs, slowing sales, and fierce competition from cheaper home-grown brands like Luckin Coffee, global giants like Starbucks are struggling to maintain their foothold. In this report, we break down why Western companies are losing ground in China—and how changing consumer habits and political headwinds are reshaping the market.
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Starbucks | China | Boyu Capital | Luckin Coffee | Firstpost | World News | News Live | Vantage | Palki Sharma | News
#starbucks #boyucapital #china #firstpost #vantageonfirstpost #palkisharma #worldnews
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