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Retail Asia
Trends
- 1
DFI Retail Group is set to take over Maxim's Caterers' Starbucks-licensed business operations across seven Asian markets, according to Reuters. The deal would shift responsibility for running Starbucks stores currently operated under licence by Hong Kong-based Maxim's to DFI, reshaping the coffee chain's retail presence in the region.
- 2DFI Retail sells Maxim's stake for US$340m and Starbucks business●DFI Retail sells stake in Maxim’s in return for Starbucks business, US$340m
DFI Retail Group has sold its stake in Hong Kong restaurant company Maxim's, receiving US$340m and full control of Starbucks operations in the region as part of the deal. The move refocuses DFI on its convenience and grocery retail business while handing its coffee operations in-house, a shift analysts see as a portfolio simplification.