Starbucks (SBUX) May Sell China Stake to Fuel U.S. Comeback, Says Bernstein
Bernstein analysts say Starbucks (SBUX, Financials) might be brewing a bold move; selling its China business for as much as $10 billiona step that could help turn things around for the struggling coffee giant. The potential deal isn’t just about cash; it’s about control. Offloading the China stake would make Starbucks more asset-light; reducing exposure…