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Alshaya Group Secures Exclusive Starbucks Operating Rights In Greece And Cyprus

by THEFUTURE.TEAM

April 9, 2026

Alshaya Group has acquired the operating rights for 48 Starbucks stores in Greece and Cyprus, transferring management from the Marinopoulos family after a 24-year partnership. The deal expands Alshaya’s presence as a licensed operator of the brand in the region.

Strategic Expansion And Market Consolidation

Under this new arrangement, Alshaya will oversee 30 stores in Greece through its newly established entity, Alshaya Hellas SMSA, and 18 outlets in Cyprus under Murgab Cyprus Ltd. Employing approximately 500 individuals across both markets, the transition is expected to enhance operational efficiencies and accelerate growth within the region.

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Leadership Transition And Continued Partnerships

A 24-year partnership with the Marinopoulos family concludes with this transaction, marking the end of Starbucks’ initial expansion phase in both markets. Yiannis Marinopoulos, former chief executive, is expected to return to the family business. Starbucks said it will continue working with Alshaya as its regional licensed partner.

Vision For A Dynamic Future

Saleh Alshaya, President of Starbucks at Alshaya Group, said the company plans to expand its store network and product offering in Greece and Cyprus. Plans include integration of new teams and continued development of the brand’s presence across both markets.

Regional And Global Business Significance

Duncan Moir, President of Starbucks EMEA, said Alshaya will continue expanding the brand’s presence in the region as its largest licensed partner. He referred to the company’s existing operations and scale across international markets.

Alshaya opened its first Starbucks store in Kuwait in 1999 and now operates more than 2,000 locations across 13 countries, serving over one million customers daily. The addition of Greece and Cyprus extends its footprint in Europe.

Jacqueline Delpippo, Business Manager for Starbucks Greece and Cyprus at Alshaya Group, will oversee the transition process. The company said operations will continue without disruption during the handover.

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Starbucks Wins ‘Best Workplace / Employer Of Choice At The 18th IN Business Awards

by News Editor

May 26, 2026

Starbucks was recently awarded the ‘Best Workplace / Employer of Choice’ award at the 18th IN Business Awards in Greece — a recognition that reflects the company’s philosophy and its ongoing investment in its people.

This distinction confirms Starbucks’ commitment to creating a work environment defined by respect, collaboration, inclusivity, and equal opportunities for all. Starbucks consistently fosters a culture that encourages growth, authenticity, and participation since people are always at the center.

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“At Starbucks, our success is rooted in our people. This recognition is a testament to our team’s dedication to nurturing a space where everyone can express themselves, grow equally, and deliver exceptional experiences to our customers,” said Pambis Anastasis — District Manager of Starbucks, who received the award.

Through modern development and employee support practices, Starbucks meaningfully invests in the continuous training and empowerment of its workforce, offering learning opportunities, mentorship, and career advancement at every stage of their journey.

The company also promotes an inclusive workplace where every employee feels a sense of belonging, can express themselves freely, and grow equally. This approach is a core element of Starbucks’ identity and is reflected both in the company’s internal culture, and in the experience it delivers to customers.

Winning at the prestigious IN Business Awards is a great honor for Starbucks and serves as a strong affirmation that its people are always at the heart of every step it takes.