AlShaya halts sale of Starbucks stake
Kuwait's AlShaya Group has halted the sale of a stake in its Middle East, North Africa, and Central Asia Starbucks…
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Starbucks
Apollo targets stake in AlShaya’s Starbucks
Apollo Global Management Inc., a U.S. private equity firm, is negotiating to acquire a minority stake in the…
Alshaya Group reduces operations in Egyptian market
Kuwait’s Alshaya Group will reduce its operations in Egypt amid the ongoing economic situation, the group said in…
Starbucks loses $11 in value due boycotts
The U.S. coffee chain giant Starbucks has lost approximately $11 billion in value, or 9.4 percent of its total…
Western brands struggling in some Arab countries amid boycotts
Branches of Western fast food chains in Cairo, Egypt are seen deserted due to a large boycott campaign over…
Starbucks, McDonald’s, Disney stocks still down amid boycotts
Starbucks, McDonalds, and Walt Disney Co. stocks are still down after boycotts that have been lasting for more than…
Starbucks, Disney, McDonald’s stocks drop amid boycotts
Starbucks, Walt Disney Co., and McDonald's stocks dropped for three days in a row due the ongoing boycotts in the…
Chipotle completes first franchise deal in Middle East
Chipotle Mexican Grill will open burritos and tacos restaurants next year in Dubai and Kuwait through its first…
Starbucks certifies 3500 Greener stores globally
The coffee giant Starbucks has currently 3,508 stores under its Greener Store framework and is expanding more, as…
Starbucks new CEO steps in two weeks early
New Starbucks CEO, Laxman Narasimhan, has stepped in two weeks earlier than planned and joined the board on Monday,…
Starbucks plans to open 100 stores in UK
Starbucks is set to open 100 new stores in the UK this year, as sales had a 37 percent increase during recovery…
Starbucks launches new olive oil-infused coffee in Italy
World’s largest coffee chain, Starbucks has launched new Oleato line of olive oil-infused coffee drinks in 24…
Starbucks estimates it lost $915 million in quarterly revenue due to coronavirus
Starbucks estimated on Tuesday it lost $915 million in revenue during its fiscal second quarter triggered by store…
Starbucks braces for reopening cafes as U.S. coronavirus conditions allow
Starbucks is preparing to reopen cafes as some U.S. states report that the number of new coronavirus infections has…
Starbucks CEO confirms Alibaba partnership for China
Starbucks has officially entered into a partnership with Alibaba Group with a multi-pronged plan to boost the…
Starbucks teams up with Alibaba to deliver coffee in China: reports
Starbucks is cooperating with Alibaba's food delivery unit, Ele.me, to deliver coffee and snacks to Chinese…
Starbucks CEO Howard Schultz says to hire 10,000 refugees
In the wake of U.S. President Donald Trump's executive order barring immigrants from seven predominately Muslim…
Microsoft thinks of adding Starbucks Ordering to Outlook
Microsoft announced on Thursday at its annual Build conference in San Francisco that it is developing an email tool…
EU Seen to Find Apple, Fiat Tax Deals Were Illegal
European Union regulators will publish as soon as Monday their preliminary view that tax practices granted to Apple…
Starbucks buys bakery to improve food offerings
Starbucks Corp. is looking to offer a more tempting menu, with a $100 million cash deal to buy a small bakery…
Starbucks Profits Raise
Starbucks Corp reported better-than-expected quarterly profit but global sales at established coffee shops fell…