Talks between Apollo and Kuwait's Alshaya to buy a stake in Starbucks. This comes as Starbucks said last January that the war between Israel and the Islamic Resistance Movement (Hamas) had damaged its business in the region.
Starbucks' profits and revenues were below expectations in its first quarter ending at the end of last December. The number of global Starbucks branches increased by 5%, which is less than the Street Account market research estimate of 7.2%. Starbucks confirmed in October that it was a non-political organization and denied rumors that it provided support to the Israeli government or military.