https://www.starbucks.co.jp/press_release/pr2026-5664.php
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Coffee giant bets on local partnership to reignite growth as low-cost rivals #Luckin and #Cotti squeeze market share.

Starbucks has agreed to sell a 60% stake in its China business to private equity firm Boryu Capital for $4 billion, valuing the unit at over $13 billion including retained interests, as the company targets long-term expansion in the Chinese market.
Starbucks workers hold practice picket for upcoming strike
Colorado Springs, CO – On October 29, organizers with Starbucks Workers United (SBWU) gathered at a unionized Starbucks store in Colorado Springs to hold a practice picket in preparation to strike. Members of the Colorado Springs Labor Council, Freedom Road Socialist Organization, and Democratic Socialists of America joined the practice picket.
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https://fightbacknews.org/articles/starbucks-workers-hold-practice-picket-for-upcoming-strike