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Update: Market Chatter: Starbucks Weighs Japan Business Stake Sale

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(Updates with Starbucks' response in the last paragraph)

Starbucks (SBUX) is considering various options for its Japanese unit, including a potential stake sale valued at 400 billion yen to 500 billion yen ($2.49 billion to $3.12 billion), Bloomberg reported Wednesday, citing unnamed people familiar with the matter.

The report noted that Starbucks has held preliminary conversations with investment banks to evaluate different approaches for its Japanese business.

Starbucks declined to comment when reached out to by.

(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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