From Quiver Quantitative:

Private equity firm Apollo Global Management is in talks to acquire a minority stake in the Starbucks franchise in the Middle East, North Africa, and Central Asia, operated by Kuwait’s AlShaya Group. This potential deal, involving a significant player like Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF), represents the strategic importance of this region in the global coffee industry, which has been valued between $4 billion and $5 billion. The proposed acquisition reflects a wider trend of Middle Eastern private companies seeking external investors to bolster their market position and navigate the challenges of an increasingly interconnected and politically sensitive global marketplace.



Read more: Starbucks Middle East Franchise Attracts Major Investment from Apollo Global