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Starbucks Cedes Control of China Stores to Boyu Capital in $4 Billion Joint Venture

Closing is targeted for fiscal Q2 2026 following sharp share losses to lower-priced Chinese chains.

Apple’s 18-Inch Foldable iPad Slips to 2029 or Later as Foldable iPhone Timing Wavers

Target Elevates Michael Fiddelke to CEO as Brian Cornell Departs Feb. 1

Claire’s Files Second Bankruptcy to Pursue Sale or Liquidation

Starbucks in Talks to Sell Minority Stake in China Business