Starbucks

Starbucks

US private equity firm Apollo Global Management is in talks to buy a minority stake in the Starbucks franchise operated by the Kuwaiti Alshaya Group in the Middle East, North Africa, and Central Asia. Three sources confirmed this information, indicating a potential strategic move in the region's coffee market.

This potential deal could have significant implications for Starbucks' presence in the MENA and Morocco regions, as well as for the overall coffee industry. With Apollo Global Management's interest in acquiring a stake, the partnership between Starbucks and Alshaya Group may see new developments and expansions in the near future.

As the negotiations continue, industry experts are closely monitoring the situation to see how this potential investment will shape the future of Starbucks in these key markets. Stay tuned for updates on this developing story.