Bidders interested in acquiring a stake in Starbucks’ China operations have submitted offers that value the business at as much as $5 billion, according to a Reuters report.
Most offers place the valuation at roughly 10 times the company’s projected 2025 EBITDA (earnings before interest, taxes, depreciation, and amortization).
Starbucks has been reviewing strategic options for its China business, which remains one of its largest and most important international markets.
