In an interview with the Financial Times, Starbucks CEO Brian Niccol said the company is exploring a partial sale of its China business.
Reducing beverage-wait times is part of Starbucks CEO Brian Niccol’s turnaround plan, which includes tech updates focused on efficiency.
China’s biggest coffee chain, Luckin Coffee, is eyeing an American expansion that could undercut the market for $10 chai lattes.
Starbucks is buying two farms in Central America to conduct research on the crop at the heart of its business: coffee.
