04 November 2025
04 November 2025
The companies will set up a joint venture in which Boyu will hold 60% of Starbucks’ retail business in the country.
The company aims to lift same-store sales between 3% and 5% by 2027 through the initiative.
Shareholders will receive $6.25 in cash per share.
The repurchase follows criticism that Asda’s stewardship had shifted Leon away from its health-focused ethos.
Shoppers can browse products online and select a convenient collection time slot for a contactless pick up.
The new outlet will serve the brand’s cold and hot sandwiches, sides and drinks, and its chocolate espresso cookies.
The sale was facilitated by commercial real estate company Bielat Santore & Company.
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