Starbucks Corporation (NASDAQ:SBUX) has received a lot of interest in the sale of a stake in its China business, according to CEO Brian Niccol. "People see the value of the Starbucks brand. They see the coffee category is growing.

Starbucks has received "a lot of interest" in the sale of a stake in its China business, its chief executive told the Financial Times in an interview published on Wednesday, as the U.S. coffee chain looks to revive sales in its second-largest market.

Starbucks has received “a lot of interest” in the sale of a stake in its China business as the US coffee chain explores a partnership with an outside investor to restore growth there, its chief executive has said.