Starbucks to license out certain EMEA stores to Mexico’s Alsea

Starbucks to license out certain EMEA stores to Mexico’s Alsea

Starbucks Corp <SBUX.O> said on Thursday it would license out its operations in France, Netherlands, Belgium and Luxembourg to long-standing partner Mexico’s Alsea SAB <ALSEA.MX>.

Restaurant chain operator Alsea will have the rights to operate and develop Starbucks stores in these markets, the company said in a statement.

Starbucks and Alsea first partnered in 2002, when together they opened Mexico City’s first Starbucks store.

(Reporting by Aishwarya Venugopal in Bengaluru; Editing by Arun Koyyur)


Published at Thu, 18 Oct 2018 05:58:03 -0700

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