星巴克出售中国区业务,不会有赢家? episode artwork

EPISODE · Aug 12, 2025 · 9 MIN

星巴克出售中国区业务,不会有赢家?

from 虎嗅·商业有味道

星巴克中国区业务的出售消息已在坊间流传多时,但始终未能落定。7月30日,CEO倪睿安在财报会上表示:“我们正在对超过20个有强烈意愿的机构进行评估。我们对中国市场的信心与承诺不变,并希望保留中国业务相当比例的股权”。据外媒报道,星巴克中国业务估值高达100亿美元。其可能保留中国业务30%股权,其余70%由多个买家分摊,每家不超过30%。如此方案极不合理:想套现却不肯离手,还惦念着“I'll be back”。那么,从“分大区授权”转为全部自营,星巴克在华走过了怎样的发展历程?自营与加盟业务,对星巴克的全球布局各有什么意义?星巴克又为何在此时谋求出售门店规模快速增长的中国区业务?【时间轴】00:43 星巴克在中国,为何采取全自营模式?02:43 加盟与自营四六开,是深耕北美市场30年得出的“黄金比例”06:08 星巴克别扭的出售方案,远不如9年前的Uber“通透”

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