Business & Finance
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
