Starbucks is exploring a stake sale in its China operations, with KKR & Co, Fountainvest Partners and PAG among the interested buyers. Reuters reports that Chinese entities, including state-owned China Resources Holdings and Meituan,

KKR & Co, Fountainvest Partners and PAG are among buyout firms interested in acquiring a stake in Starbucks' China business, four sources said, as the U.S. coffee chain looks to revive flagging sales in its second-largest market.

Starbucks (NASDAQ: SBUX) is reportedly exploring the sale of a stake in its China business as it grapples with declining sales in its second-largest market. Private equity giants KKR Co (NYSE: KKR), Fountainvest Partners,