Tuesday, October 16, 2012

Alsea to invest $110 million in Mexico, Argentina Starbucks cafes





October 15, 2012|David Alire Garcia | Reuters

MEXICO CITY (Reuters) - Latin America's biggest restaurant operator Alsea will invest $110 million over the next three years in 220 new Starbucks cafes in Mexico and Argentina, Alsea's CEO Fabian Gosselin said on Monday.
 
Around $75 million of the three-year investment would be plowed into 170 new stores in Mexico, Starbucks' fastest-growing Latin American market, with the balance going to No.2 regional market Argentina, the company told Reuters.

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