✉news BusinessRetail first seen 8 h ago, last 4 h ago, peak #15
DFI Retail sells Maxim's stake to take full control of Starbucks business
Original: DFI Retail sells stake in Maxim’s in return for Starbucks business, US$340m
DFI Retail Group has sold its stake in Hong Kong restaurant group Maxim's, receiving US$340 million and full ownership of its Starbucks operations in the region as part of the deal. The transaction reshapes the pan-Asian retailer's portfolio, shifting focus from restaurants toward its coffee business with Starbucks across its markets.
Why now: A major Asian retail group is restructuring its portfolio by exiting a famous restaurant brand while consolidating its lucrative Starbucks franchise.
DFI Retail GroupMaxim'sStarbucks
Rank over time, top of the chart is #1. 4 snapshots from 8 h ago to 4 h ago.
Evidence
- DFI Retail sells stake in Maxim’s in return for Starbucks business, US$340m · South China Morning Post
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