Apollo in talks for AlShaya Starbucks franchise, sources say 


Business & Finance

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


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