Starbucks receives proposal for controlling stake in China unit, Bloomberg says

Starbucks (SBUX) has been approached with proposals from prospective investors expressing interest in its China business, most of whom are interested in a controlling stake, Bloomberg’s Dong Cao and Manuel Baigorri report, citing people familiar with the matter. The company is reviewing the proposals from prospective partners which include industry players and private equity firms, and shortlisting a group of potential investors for a next round of bidding, the report states.