Business & Finance
08 February 2024, 7:08 pm 1 minute
Reuters exclusively reported that U.S private equity firm Apollo Global Management Inc (APO.N) is in talks to buy a minority stake in the Middle East, North Africa and central Asia Starbucks (SBUX.O) franchise operated by Kuwait’s AlShaya Group.
Market Impact
Established in 1890, Alshaya is one of the biggest retail operators in the region with rights to operate businesses of popular Western brands including The Cheesecake Factory, Shake Shack and Pottery Barn.
Article Tags
Topics of Interest: Business & Finance
Type: Reuters Best
Sectors: Food & Beverage
Regions: Middle East
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Significant National Story