Business & Finance

Starbucks Middle East franchisee AlShaya to cut over 2,000 jobs

05 March 2024, 2:16 pm 1 minute

Reuters exclusively reported that Gulf retail giant Alshaya Group, which owns rights to operate Starbucks in the Middle East, plans to layoff over 2,000 people as the business suffers from consumer boycotts linked to the Gaza war.

Market Impact

The news showed the first concrete evidence that the boycott was taking its toll on corporates in the region and was widely covered by global media including the New York Times, the AP and Sky News.

Article Tags

Topics of Interest: Business & Finance

Type: Reuters Best

Sectors: Business & Finance

Regions: Middle East

Win Types: Exclusivity

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Significant National Story

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