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Starbucks Considers Selling Majority Stake in Japan Business

TOKYO - Starbucks is considering selling a majority stake in its Japanese business, potentially valued at as much as $3 billion, or about 470 billion yen, as the U.S. coffee chain seeks to concentrate management resources on its struggling North American operations.

According to Reuters, Starbucks is moving toward a possible sale of more than half of the shares in its Japan business.

Japan accounts for roughly 9% of Starbucks stores worldwide, making it one of the company's major markets.

The Japanese operations could be valued at up to $3 billion, equivalent to about 470 billion yen.

The potential sale is seen as part of Starbucks' effort to redirect management resources toward its North American business, where performance has been sluggish.

Source: テレ東BIZ

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