Tag: Starbucks

Alshaya Group reportedly in talks to sell minority stake in Starbucks business

US investment firm Apollo Global Management Inc and Saudi Arabia’s Public Investment Fund (PIF) have been cited as interested parties in the 2,000-store coffee shop franchise A Starbucks store in Riyadh, Saudi Arabia | Photo credit: Alshaya Group   Kuwait-based Alshaya Group is in reportedly talks to sell a minority stake in its sizeable Starbucks franchise business in the Middle East.    US private equity ...

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Inside Luckin Coffee, the Coffee Chain Overtaking Starbucks in China

A Luckin Coffee branch in Singapore. Business Insider/Kai Xiang Teo I visited the coffee chain that's overtaking Starbucks in China.What stood out to me was how efficient — and impersonal — ordering was.Most customers said it wasn't the flavor that stood out to them, it was the aggressive deals. Starbucks is synonymous with coffee, but in China, it might just be losing some of its ...

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