Reuters Reported Earlier: Apollo Global Management Is In Talks To Buy Minority Stake In Starbucks Franchise Operated By Kuwait's AlShaya Group
Portfolio Pulse from Charles Gross
Apollo Global Management is currently in discussions to acquire a minority stake in the Starbucks franchise operated by Kuwait's AlShaya Group, according to a report by Reuters.
February 08, 2024 | 10:24 am
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Apollo Global Management is in negotiations to purchase a minority stake in the Starbucks franchise owned by AlShaya Group.
Acquiring a stake in a major franchise like Starbucks could signal growth and expansion for Apollo, potentially boosting investor confidence and stock price in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Starbucks' franchise operated by Kuwait's AlShaya Group is in talks with Apollo Global Management for a minority stake sale.
The involvement of a significant investment firm like Apollo could bring additional capital and strategic advantages to Starbucks' operations under AlShaya Group, potentially positively impacting Starbucks' stock.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70