✉news BusinessBusiness first seen 7 h ago, last 4 h ago, peak #1

DFI Retail to take over Maxim's Starbucks business in Asia for $340 million

Original: DFI Retail unit to take over Maxim's Starbucks business in Asia for $340 million

DFI Retail Group said a unit will acquire Maxim's stake in the Starbucks business it operates across Hong Kong and other Asian markets, in a deal valued at $340 million. The move consolidates DFI's control over Starbucks operations in the region, where Maxim's has been its long-standing joint-venture partner. Reuters reported the transaction, which is among the larger regional retail deals of the moment.

Why now: A sizeable $340 million acquisition reshaping the Starbucks franchise partnership in Asia draws attention from business and retail watchers.

DFI Retail GroupMaxim'sStarbucksHong Kong

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• DFI Retail unit to take over Maxim's Starbucks business in Asia for $340 million · Reuters

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