Corrected: DFI unit to take over Maxim's stake in Starbucks Asia business, receiving $340 mln
30/09/2026 11:04
CORRECTED-DFI unit to take over Maxim's stake in Starbucks Asia business, receiving $340 mln Corrects headline and first paragraph to say DFI will receive $340 million in cash, not that it will pay Maxim $340 million in proceeds for taking full control
Sept 30 (Reuters) - Singapore-listed DFI Retail Group DFIR.SI said on Wednesday its unit will assume Maxim's Caterers' existing interests in a Starbucks SBUX.O-licensed business, which operates a network of over 1,100 Starbucks coffeehouses across seven Asian markets, receiving $340 million in cash.
(Reporting by Shivangi Lahiri in Bengaluru; Editing by Shreya Biswas)