Reported about 16 hours ago
Starbucks is exploring strategic partnerships to strengthen its operations in China, as reported by Bloomberg. The company has faced declining demand and stiff competition, particularly from local chains like Luckin Coffee. Its new CEO, Brian Niccol, emphasized the need to adapt to the challenging market and find pathways for growth, while Starbucks confirmed its commitment to expanding in China despite recent sales declines.
Source: YAHOO