DFI Retail Takes Over Asian Starbucks Business
DFI Retail Group announced it will take over Maxim's Starbucks-licensed operations across seven Asian markets in a 340 million dollar cash deal. The transaction adds over 1,100 coffeehouses to DFI's network, boosting its core retail revenue outlook.
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DFI Retail Group will assume full control of Maxim's Caterers' Starbucks Corp operations across seven Asian markets in a $340 million cash reorganization. The deal covers over 1,100 coffeehouses in Thailand, Hong Kong, Singapore, Vietnam, Cambodia, Macau, and Laos as Starbucks restructures its global footprint. The transaction unwinds a 50% joint venture stake while delivering immediate revenue accretion to DFI's core retail business.
