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coffee company
Trends
- 1
DFI Retail Group is set to take full control of its Starbucks-licensed store business, according to Reuters. The move would give the pan-Asian retailer complete ownership of operations currently run under licence from the US coffee chain. No financial terms or timeline were given in the report, and neither company has issued a detailed public statement beyond the headline news.
- 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.