Starbucks Considers Selling Majority Stake in Japan Business
Starbucks is exploring options to sell a majority stake in its Japanese operations, which could value the market at around $3 billion. The business includes 1,883 stores and accounts for nearly 9% of Starbucks' global footprint as of September 2025. While no final decision has been made on the size or valuation of any potential sale, several financial advisers have already submitted proposals to evaluate possible options. This move aligns with CEO Brian Niccol's broader strategy to restructure and refocus Starbucks’ operations globally after recent cost-cutting measures in North America aimed at restoring profitability. The company took full control of its Japan business in 2014, acquiring it for $914 million from Sazaby League. Analysts suggest that monetizing the Japanese market could allow Starbucks to concentrate on revitalizing its core U.S. operations and improve financial performance.
