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.
Source link
Chicken wings, trucks: the surprising Saudi obsession with America
Fahd, a Saudi national who lived in Tennessee for nine years, has returned to Riyadh and continues his daily routine at Dunkin Donuts, reflecting Saudi Arabia's fascination with American culture despite its traditional image. The country hosts numerous American franchises like Buffalo Wild Wings and Starbucks, illustrating deep ties with the U.S. that date back to World War II. As Saudi Arabia diversifies its economy under Vision 2030, American brands have become integral to daily...
Read more