Starbucks Corp. has taken ownership of its coffeehouse operations in Brazil in a move to gain access to the largest consumer market in South America, the company said Thursday. The Seattle-based company has assumed 100 percent ownership of Cafés Sereia do Brasil Participações S.A., which operates more than 20 stores throughout Brazil. Starbucks said the group's current management team will remain in place. “We have been an active member of local communities ...
Register to view this article
It’s free but we need to know a little about you to continually improve our content.
Registering allows you to unlock a portion of our premium online content. You can access more in-depth stories and analysis, as well as news not found on any other website or any other media outlet. You also get free eNewsletters, blogs, real-time polls, archives and more.
Attention Print Subscribers: While you have already been granted free access to NRN we ask that you register now. We promise it will only take a few minutes!