Maxim's Caterers

DFI Retail Group is set to take over Maxim's Caterers' Starbucks-licensed business across seven Asian markets, in an asset swap with its long-time F&B partner valued at around US$340 million for DFI. In return, DFI will give up food and beverage brands including Genki Sushi and Shake Shack. The deal puts DFI in control of Starbucks operations in the region.

DFI Retail Group is set to take over Maxim's Caterers' Starbucks-licensed business across seven Asian markets, according to Reuters. The deal would transfer operations of the licensed Starbucks stores from Hong Kong-based Maxim's to the pan-Asian retailer, reshaping who runs a major slice of the coffee chain's regional footprint. Details on pricing and timing have not been disclosed in initial reports.