---
schema_version: "secwatch.filing_event.v1"
accession: "0000829224-26-000064"
form_type: "8-K"
ticker: "SBUX"
cik: "0000829224"
company_name: "STARBUCKS CORP"
filed_at: "2026-04-02T23:59:59+00:00"
generated_at: "2026-05-15T07:54:37.063246+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Starbucks closes China JV with Boyu; Boyu takes 60% stake, SBUX retains 40%

## Summary
- JV completes previously announced transaction; Boyu Capital funds now hold 60% of Starbucks China retail operations.
- Starbucks retains 40% ownership and continues to own/license the global brand to the JV.
- JV oversees ~8,000 company-operated coffeehouses; long-term aspiration to grow to 20,000 locations.
- Partnership aims to accelerate disciplined expansion, hyper-localization, and digital engagement in China.

## SEC filing metadata
- accession: 0000829224-26-000064
- form_type: 8-K
- ticker: SBUX
- cik: 0000829224
- company_name: STARBUCKS CORP
- filed_at: 2026-04-02T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/829224/000082922426000064/0000829224-26-000064-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/829224/000082922426000064/sbux-20260402.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000829224-26-000064
- JSON: https://secwatch.observer/filing/0000829224-26-000064.json
- Plain text: https://secwatch.observer/filing/0000829224-26-000064.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.