KKR, Fountainvest, PAG in race for Starbucks China stake

KKR, Fountainvest, PAG in race for Starbucks China stake

FILE PHOTO: A barista serves coffee at a Starbucks flagship store in Beijing, China January 18, 2022. REUTERS/Tingshu Wang/File Photo

KKR & Co, Fountainvest Partners and PAG are among buyout firms interested in acquiring a stake in Starbucks China business, four sources said, as the U.S. coffee chain looks to revive flagging sales in its second-largest market.

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