26 Jun '17, 10pm

Starbucks to bring its iconic coffeehouse to Uruguay

Starbucks has signed an agreement with long-time licensing partner Alsea to expand operations to Uruguay in early 2018, further strengthening its presence in South America SEATTLE and MONTEVIDEO, Uruguay (June 26, 2017) – Starbucks Coffee Company (NASDAQ: SBUX) today announced a new licensing agreement with its long-time strategic partner Alsea, a leading restaurant operator in Latin America and Spain. The agreement grants Alsea the exclusive rights to develop and operate Starbucks® stores in Uruguay, with the first store set to open in early 2018 in Montevideo. Starbucks and Alsea have worked together since 2002, now serving millions of customers in Mexico, Argentina, Chile, and Colombia in 841 Starbucks® stores and employing more than 10,500 Starbucks partners (employees). Uruguay will become the fifth market in this partnership, and Starbucks 18th market in the Latin Am...

Full article: https://news.starbucks.com/news/starbucks-to-bring-coffee...

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