Alshaya Group acquires the Starbucks franchise in Greece and Cyprus and becomes the new exclusive owner and operator
KUWAIT – Wednesday 8 April 2026: Alshaya Group has today announced that it has acquired the Starbucks Greece & Cyprus licensed business, becoming the new exclusive owner and operator of the business, which was formerly operated by Marinopoulos family and led by Managing Director, Giannis Marinopoulos, who will return to the family business.

Opening in 2002, Starbucks Greece & Cyprus operates 30 stores in Greece and 18 in Cyprus and employs around 500 people.
As one of Starbucks’ largest and long-standing licensed partners across the world, since it’s first Starbucks in Kuwait in 1999, Alshaya Group now operates over 2,000 stores in 13 countries, offering the unique Starbucks experience to over one million customers every day.

Saleh Alshaya, President of Starbucks at Alshaya Group, said: “With today’s announcement, we are continuing our vision of growth for our licensed Starbucks business, and we look forward to working with our new colleagues to offer even more choice for our customers to experience their favourite Starbucks coffee across Greece and Cyprus. This is an exciting time for our business, and we look forward to a great future.”
Continue reading Alshaya Group Takes Over Starbucks in Greece and Cyprus

