DFI Retail to take over Maxim's Starbucks-licensed business in seven Asian markets

A Starbucks outlet in Singapore. (File photo: Facebook/Starbucks Singapore)

DFI Retail Group said on Wednesday (Sep 30) its unit will assume Maxim's Caterers' existing interests in the Starbucks -licensed business across seven Asian markets, as part of a reorganisation initiative.

Maxim's will pay DFI US$340 million in cash and buy back the 50 per cent stake the latter currently holds in the Hong Kong-based food and beverage conglomerate.

The Starbucks-licensed business includes a network of over 1,100 Starbucks coffeehouses in Thailand, Hong Kong, Singapore, Vietnam, Cambodia, Macau and Laos.

"Post-completion, the Starbucks-licensed business will be immediately revenue and operating margin accretive to the Group's core retail business, with further upside from operating synergies," DFI said in its statement.

CNA Games Guess Word Crack the word, one row at a time Buzzword Create words using the given letters Mini Sudoku Tiny puzzle, mighty brain teaser Mini Crossword Small grid, big challenge Word Search Spot as many words as you can Show More Show Less Hong Kong-based retailer DFI expects the business to contribute US$600 million to US$650 million to its total subsidiaries' revenue from April to December 2027 and about US$900 million on a full-year basis in 2028. With the expansion of Asia's middle class, higher disposable incomes and increased spending on speciality coffee and tea, DFI said its Starbucks-licensed business has strong tailwinds. The DFI transaction comes as Starbucks reshapes its global business under CEO Brian Niccol, who has closed coffeehouses and cut corporate jobs in North America to restore profitability. In Asia, Starbucks completed a China joint venture in April that gave Boyu Capital a 60 per cent stake in its retail operations while retaining 40 per cent. It is also weighing a sale of a majority stake in its Japan business, Reuters reported this month. Separately, DFI raised its 2027 dividend payout ratio to 80 per cent and maintained its 2028 underlying profit outlook between US$310 million and US$350 million.

Hong Kong-based retailer DFI expects the business to contribute US$600 million to US$650 million to its total subsidiaries' revenue from April to December 2027 and about US$900 million on a full-year basis in 2028.

With the expansion of Asia's middle class, higher disposable incomes and increased spending on speciality coffee and tea, DFI said its Starbucks-licensed business has strong tailwinds.

The DFI transaction comes as Starbucks reshapes its global business under CEO Brian Niccol, who has closed coffeehouses and cut corporate jobs in North America to restore profitability.

In Asia, Starbucks completed a China joint venture in April that gave Boyu Capital a 60 per cent stake in its retail operations while retaining 40 per cent. It is also weighing a sale of a majority stake in its Japan business, Reuters reported this month.

Separately, DFI raised its 2027 dividend payout ratio to 80 per cent and maintained its 2028 underlying profit outlook between US$310 million and US$350 million.

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新加坡的一家星巴克门店。（资料图片：Facebook/星巴克新加坡）

DFI零售集团周三（9月30日）表示，作为重组计划的一部分，其子公司将接管美心餐饮集团在七个亚洲市场星巴克特许经营业务的现有权益。

美心集团将向DFI支付3.4亿美元现金，回购后者目前持有的这家总部位于香港的食品饮料集团50%的股份。

星巴克特许经营业务包括泰国、香港、新加坡、越南、柬埔寨、澳门和老挝的 1100 多家星巴克咖啡店。

DFI在声明中表示：“交易完成后，星巴克特许经营业务将立即为集团的核心零售业务带来收入和营业利润增长，并通过运营协同效应进一步提升业绩。”

CNA游戏猜词游戏：逐行破解单词；流行词游戏：用给定的字母组成单词；迷你数独：小巧的谜题，强大的脑力挑战；迷你填字游戏：小网格，大挑战；单词搜索：尽可能多地找出单词。显示更多 显示更少 总部位于香港的零售商DFI预计，该业务将在2027年4月至12月期间为其子公司总收入贡献6亿至6.5亿美元，并在2028年全年贡献约9亿美元。DFI表示，随着亚洲中产阶级的壮大、可支配收入的增加以及在特色咖啡和茶饮方面支出的增长，其星巴克特许经营业务拥有强劲的增长势头。此次DFI交易正值星巴克在首席执行官布莱恩·尼科尔的领导下重塑其全球业务之际。尼科尔已在北美关闭咖啡店并裁减公司职位以恢复盈利能力。在亚洲，星巴克于4月完成了一项中国合资项目，博裕资本持有其零售业务60%的股份，星巴克保留40%的股份。据路透社本月报道，该公司还在考虑出售其日本业务的多数股权。此外，DFI将2027年的股息支付率上调至80%，并维持其2028年3.1亿美元至3.5亿美元的基本利润预期不变。

总部位于香港的零售商DFI预计，该业务将在2027年4月至12月期间为其子公司的总收入贡献6亿至6.5亿美元，并在2028年全年贡献约9亿美元。

随着亚洲中产阶级的壮大、可支配收入的增加以及对特色咖啡和茶饮消费的增加，DFI表示其星巴克特许经营业务拥有强劲的增长势头。

在星巴克首席执行官布莱恩·尼科尔的领导下，该公司正在重塑其全球业务，关闭了北美地区的咖啡店并裁减了公司职位以恢复盈利能力。与此同时，DFI 也进行了这笔交易。

据路透社本月报道，星巴克在亚洲于今年4月完成了与中国的合资项目，博裕资本持有其零售业务60%的股份，星巴克自身则保留40%的股份。此外，星巴克还在考虑出售其在日本业务的多数股权。

此外，DFI 将 2027 年股息支付率提高至 80%，并维持 2028 年基本利润预期在 3.1 亿美元至 3.5 亿美元之间。

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