GgoogleSG first seen 5 h ago, last 7 min ago, peak #1
DFI Retail to take over Starbucks Singapore in US$340 million deal
Original: dfi retail group starbucks acquisition
DFI Retail Group is set to take over Starbucks' Singapore business through an asset exchange with its long-time F&B partner, in a deal worth around US$340 million. The move makes DFI the operator of Starbucks stores in Singapore rather than a landlord partner, deepening its food and beverage footprint. Market watchers are weighing what the price tag means for DFI's growth strategy in Southeast Asia.
Why now: The announcement of a large US$340 million asset swap giving DFI control of Starbucks' Singapore operations is fresh corporate news.
Rank over time, top of the chart is #1. 24 snapshots from 5 h ago to 7 min ago.
Evidence
- DFI to pocket US$340 mil exchanging assets with long time F&B partner · The Edge Singapore
- DFI Retail to bag US$340 million, Starbucks business in Asia in deal with Maxim’s Caterers · The Business Times
- DFI Retail to take over Maxim's Starbucks-licensed business in seven Asian markets · CNA
- DFI to take control of Starbucks in Asia, to give up F&B brands including Genki Sushi, Shake Shack · The Straits Times
- DFI Retail to take over Starbucks business in Asia from Maxim’s Caterers · The Business Times
- DFI Retail to take over Maxim's Starbucks-licensed business in seven Asian markets · Reuters
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