Apollo in talks for AlShaya Starbucks franchise, sources say 

Sources close to the situation have revealed that Apollo Global Management is currently in discussions with AlShaya Group to potentially acquire the Starbucks franchise in the Middle East. This move would mark Apollo’s first foray into the coffee industry, as the private equity firm looks to diversify its portfolio. Both parties have not yet reached a final agreement, but negotiations are said to be progressing positively.

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