Free Subscription

  • Access 15 free news articles each month

Professional

Try one month for $4
  • Unlimited access to news,insights and opinions
  • Quarterly and weekly magazines
  • Independent research reports and forecasts
  • Quarterly webinars with industry experts
  • Q&A with retail leaders
  • Career advice
  • 10% discount on events

Starbucks US sells its stake in South Korean business

Image of coffee cup

Shinsegae Group is to increase its stake in Starbucks South Korea to 70 per cent instead of fully acquiring the chain as previously reported.

Singapore sovereign investment fund GIC is set to purchase the remaining 30-per-cent stake for about $700 million. 

Shinsegae’s subsidiary, Emart, currently owns 50 per cent of Starbucks South Korea, with Starbucks US owning the balance. 

The two deals value Starbucks South Korea at more than US$2 billion. 

Local media suggested Shinsegae will use the sale proceeds to help fund the purchase Ebay South Korea.

You have 7 free articles.

Masterclasses are for professionals only

Only $4 USD p/m for first 3 months
Become a Professional Already a professional? Login
  • Daily exclusive Members Only content straight to your inbox
  • Access to exclusive Retail Week events including all 4 Masterclasses 28 February - 3 March
  • Retail insights and intelligence
  • On-demand videos with industry professionals
  • Weekly careers advice specific to retailers
  • Independent research reports and forecasts
  • Q&A with industry experts
  • Content, content, content! Weekly and quarterly magazines