Starbucks to invest $20 Million in 2015

Source: Buenos Aires Herald

08.31.2014

The holding company behind the rapid expansion of the Starbucks coffee shop franchise has announced plans to invest a futher US$ 20 million in Argentina in 2015 as part of an expansion plan.

According to the CEO of Alsea, which also holds the rights to Burger King franchises in the country, the investment is expected to have a positive domino effect on the labour market and for the company’s suppliers.

“In 2015 we hope to open about 20 new Starbucks and Burger King storefronts, with an investment about of US$20 million and above else, the creation of about 1,000 jobs,” said Fabián Gosselin.

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