AlShaya Starbucks franchise stake sale talks on hold, sources say

Posted on AllSides September 19th, 2024
From The Center

DUBAI/LONDON, Sept 19 (Reuters) - The sale of a stake in the Middle East, North Africa and central Asia Starbucks (SBUX.O) franchise operated by Kuwait's AlShaya Group is on hold, two people with knowledge of the process said. Boycotts and geopolitical unrest in the region continue to impact the franchise, hindering bidders' ability to value the business, and AlShaya is not in a rush to sell, one of the people said, speaking on condition of anonymity because the process is private. The privately-owned retailer has been looking to sell a...

Read full storyCheck for Bias

AllSides Picks

https://reuters.com/business/retail-consumer/alshaya-starbucks-franchise-stake-sale-talks-hold-sources-say-2024-09-19

More News about Business from the Left, Center and Right

[]