Starbucks to sell majority stake in China business
Starbucks is selling a majority stake in its China business to Boyu Capital in a deal valuing the market at around $4 billion
November 04, 2025
The often-strained and costly relationship between life insurance and alcohol has been given an unexpected boost in the form of a new joint venture distillery between the Thai Life Group and Ginebra San Miguel. Upon completion, the diversified insurer will own 50% of the JV, San Miguel Corporation will control 40%, while the remaining 10% will be in the hands of minority investors.
