Starbucks Coffee Announces expansion Plan for Latin America
Starbucks Coffee, the world's largest coffee chain, announced its expansion plans in Latin America on Tuesday, where most of Starbucks' coffee beans come from.
Starbucks Coffee has 560 stores around the world and will open the country's first Starbucks coffee shop on Wednesday in the Escazu district of San Jose, the capital of Costa Rica.
The company also said it would open "hundreds of restaurants" in Brazil over the next five years.
Starbucks and its partner Alsea say they will open more than 300 coffee shops in Argentina and Mexico by 2015.
Earlier this month, Starbucks opened an agricultural aid center in the western Colombian city of Manisales to help local growers improve the production and quality of coffee.
Starbucks shares rose 2% to $55.23 on the Nasdaq stock market.
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Hougu Coffee broke with VCs the plan to go public this year fell through.
Hougu Coffee, the largest local coffee company, has led suppliers to declare war on Nestle's trademark for coffee partners. Recently, it can be said that the founding team has officially broken with equity investment funds. The latter even said that Hougu Chairman Xiong Xiangjin has the possibility of absconding. There is no doubt that the plan to complete the listing within this year will fall through, and if the bank loans and debt ratio cannot be realized again.
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Yunnan coffee wants to counterattack and compete for pricing power
From 390000 mu five years ago to 1.3 million mu in 2012, the rapidly expanding Yunnan coffee industry suffered a cold spell in the market last year. First, at the beginning of last year, the international giant Nestl é announced that it would stop the acquisition, which triggered a panic sell-off of Cannons. At the end of last year, the purchase price of coffee beans fell to a five-year low, approaching the planting cost line. A reporter from Yangcheng Evening News has been investigating in Yunnan over the past few days and found that
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