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Market Chatter: Starbucks Mulling Options, Including Stake Sale and IPO, for Japan Operations

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Starbucks is studying options for its Japanese operations, including a stake sale for between 400 billion yen and 500 billion yen, Bloomberg reported Wednesday, citing people familiar with the matter.

The U.S. coffee giant was in preliminary discussions with investment banks to study an approach for its operations in Japan, according to the news outlet.

Starbucks is also considering an initial public offering for the Japan business, the report said.

Starbucks Japan has 2,100 stores, most of them company-operated. The coffee chain's results in the first quarter were "outstanding," but they did not disclose complete figures, the report said.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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