Starbucks has announced a $4 billion joint venture with Boyu Capital to operate its China locations. This strategic move aims to capitalize on the vast market potential despite recent challenges from competitors like Luckin Coffee.
Target has announced Michael Fiddelke as its new CEO, effective February 1, as the retailer seeks to recover from a sales slump and regain Wall Street's confidence. With a focus on unique merchandise and improved customer experience, Fiddelke aims to turn the company around amidst rising competition and declining sales.
