The bank said last month it’s sticking with plans to hire more than 600 for its wealth business in Asia by the end of 2022.
Private equity owner Centerbridge Partners LP bought the brand and took it private in 2012, in a deal that valued the chain at $1.1 billion.
China is Starbucks' second-largest and fastest-growing market.
Nestle will pay up to $500 million for a 68 per cent stake in the California-based company.
Kellogg Co., struggling with slumping U.S. cereal sales, will invest about $100 million in a venture fund.
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