Skip to content
Markets
Deals

Saudi Wealth Fund Leads Bidding for Starbucks Franchise Stake

  • Kuwaiti conglomerate Alshaya is selling a minority stake
  • PE firms may invest in the firm’s debt alongside the PIF

Sign up for our Middle East newsletter and follow us @middleeast for news on the region.

Saudi Arabia’s sovereign wealth fund has emerged as the frontrunner to buy a minority stake in Kuwaiti conglomerate Alshaya Group’s Starbucks Corp. franchise, according to people familiar with the matter.