Starbucks Considers Selling Majority Stake in Japan Business

Starbucks Corp is considering the sale of a majority stake in its Japan business, a move that could value the operation at approximately $3 billion. The company has solicited pitches from financial advisers to explore options for the market, which included 1,883 stores as of September 2025 and represents nearly 9% of the chain's global footprint. A formal divestment process may begin in the fourth quarter of 2026, with expected interest from local and global buyout firms.

Chief Executive Brian Niccol is leading this effort as part of a broader strategy to reshape the company's global portfolio, restore profitability, and refocus on the core U.S. business. This potential divestment follows a similar pattern from the previous year, when the company ceded control of its China operations to Boyu Capital in a deal valued at $4 billion.

While the Japan unit remains a key driver of international sales and has experienced growth, the shift allows management to prioritize recovery in North America.