Alshaya takes over Starbucks franchises

Alshaya Group announced it has acquired the rights to run Starbucks stores successful Greece and Cyprus, taking implicit arsenic sole proprietor and relation from the Marinopoulos family, it said, adding that franchise CEO Yiannis Marinopoulos will instrumentality to the household business. 

The Starbucks concatenation began operations successful Greece and connected Cyprus successful 2002, and present has 30 stores successful Greece and 18 connected Cyprus, employing astir 500 staff successful total. 

Alshaya Group is among the largest and longest-standing licensed partners of Starbucks globally. It opened the archetypal store successful Kuwait successful 1999 and presently operates implicit 2,000 stores successful 13 countries, serving implicit 1 cardinal customers daily.

Starbucks President successful Alshaya Group Saleh Alshaya, and Starbucks EMEA (Europe, Middle East and Africa) President Duncan Moir issued welcoming statements; Moir besides thanked Marinopoulos Group for their semipermanent and successful practice successful the past 24 years. 

Marinopoulos, CEO of the eponymous company, thanked each partners and customers for their accordant support since 2002, and the Starbucks Group for its assurance successful the Greek household for implicit two decades. 

The caller caput of Starbucks successful Greece & Cyprus is concern manager Jacqueline Delpippo of Alshaya Group, who will absorption connected the transition and connected further upgrading lawsuit experience, on with examining opportunities for expansion. 

The caller operational entity will beryllium called Alshaya Hellas SMSA successful Greece and Murgab Cyprus Ltd successful Cyprus.