TOKYO -- Starbucks Chairman and CEO Brian Niccol said the American coffee chain is looking for a strategic partner in China to enhance its competitiveness and efficiency, but vowed that the U.S. company will "retain a meaningful stake" in the business.
Food & Beverage
Starbucks CEO seeks China partner to 'compete more effectively'
Niccol says over 20 parties have inquired; US chain will keep 'meaningful stake'
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A Starbucks shop in Shanghai on May 1. The U.S. cafe chain insists its search for a China partner is "not about capital." (Photo by Shinya Sawai)
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