Overview

• Starbucks is evaluating offers that could transfer majority control of its China unit, moving beyond an initial focus on a minority stake.
• Proposed bids for the business range from $5 billion to $10 billion, reflecting strong investor interest.
• The review follows intensified competition in China from lower-priced local chains including Luckin Coffee.
• Under the potential deal, Starbucks would maintain about 30 percent ownership to preserve strategic oversight.
• Shares of Starbucks gained roughly 1.5 percent in early trading on Wednesday after reports of the stake sale.