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Events / Business / Alshaya Group Acquires Starbucks...
Business acquisition

Alshaya Group Acquires Starbucks Greece, Cyprus

Analysis based on 6 articles · First reported Apr 08, 2026 · Last updated Apr 09, 2026

Sentiment
40
Attention
2
Articles
6
Market Impact
General
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Market Impact

The acquisition by Alshaya Group of the Starbucks licensed business in Greece and Cyprus is expected to have a positive impact on Alshaya Group's market presence and growth strategy in the retail and food and beverage sectors. For Starbucks, this move solidifies its partnership with a major licensee, potentially leading to enhanced brand presence and customer experience in Greece and Cyprus. The Marinopoulos Group exits this specific business, with Giannis Marinopoulos returning to the family's core operations.

Retail Food and Beverage
Event Summary

Alshaya Group, a Kuwaiti business conglomerate and a major Starbucks licensee, has acquired the Starbucks Greece & Cyprus licensed business from the Marinopoulos Group. This acquisition makes Alshaya Group the new exclusive owner and operator of 30 Starbucks stores in Greece and 18 in Cyprus, employing approximately 500 people. Giannis Marinopoulos, the former Managing Director, will return to the Marinopoulos Group. This move expands Alshaya Group's Starbucks operations to over 2,000 stores across 13 countries. The new operating entities will be known as Alshaya Hellas SMSA in Greece and Murgab Cyprus Ltd in Cyprus. The transition will be overseen by Jacqueline Delpippo, with a focus on ensuring smooth operations and exploring future growth opportunities in the region.

Entities Involved
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Alshaya Group
Alshaya Group acquired the Starbucks licensed business in Greece and Cyprus, expanding its global Starbucks operations to over 2,000 stores in 13 countries. This acquisition strengthens its position as a leading brand franchise operator.
Importance 100.0 Sentiment 60.0
stock
Starbucks
Starbucks transferred its licensed business in Greece and Cyprus to Alshaya Group, consolidating its partnership with one of its largest global licensees. This move aims to enhance the Starbucks experience in the region.
Importance 80.0 Sentiment 20.0
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Marinopoulos Group
Marinopoulos Group, formerly the operator of Starbucks in Greece and Cyprus, sold its licensed business to Alshaya Group. Giannis Marinopoulos, the former Managing Director, will return to the family business.
Importance 70.0 Sentiment -20.0
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Giannis Marinopoulos
Giannis Marinopoulos, the former Managing Director of Starbucks Greece & Cyprus under Marinopoulos Group, will return to the family business after the acquisition by Alshaya Group.
Importance 50.0 Sentiment -10.0
per
Saleh Alshaya
Saleh Alshaya, President of Starbucks at Alshaya Group, expressed enthusiasm for the acquisition and the vision for growth in Greece and Cyprus.
Importance 40.0 Sentiment 30.0
per
Duncan Moir
Duncan Moir, President of Starbucks EMEA, welcomed the acquisition by Alshaya Group, thanking Marinopoulos Group for their long-standing partnership and expressing confidence in Alshaya Group's ability to enhance the Starbucks experience.
Importance 40.0 Sentiment 20.0
per
Jacqueline Delpippo
Jacqueline Delpippo is the new Business Manager for Starbucks Greece & Cyprus under Alshaya Group, tasked with overseeing the transition and exploring growth opportunities.
Importance 30.0 Sentiment 10.0
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Greece
Importance 0.0 Sentiment 0.0
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Cyprus
Importance 0.0 Sentiment 0.0
Relationships
Greece related ↔ Cyprus
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