#Starbucks

Kuwaiti conglomerate explores stake sale in Starbucks franchise

Alshaya opened its first Starbucks in Kuwait in 1999 and later expanded the brand to Turkey in 2003 and Russia in 2007

Arcapita sells branding firm Stratus at $450m value

Stratus was acquired by Arcapita in late 2017 and its enterprise value has since tripled