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Starbucks eyes Myanmar expansion
Seattle -- Based on the success of its recent entries into the Indian and Vietnamese markets, Starbucks Coffee Company plans to enter the Southeast Asian nation of Myanmar within the next couple of years. Starbucks, which opened its first Vietnam outlet in February and started doing business in India last year, also plans to double its store count in Thailand to about 320 in the next five years.
Political and economic reforms in Myanmar have resulted in the European Union dropping sanctions against the country and the United States easing them. -
Toys ‘R’ Us names interim CEO
New York -- Toys "R" Us has appointed Antonio Urcelay, 61, the head of its European operations, as interim CEO, according to a filing the retailer made on Monday with the Securities and Exchange commission, The Record reported.
Urcelay replaces Gerald Storch, who announced in February that he would be stepping. At the time, Storch said he would remain as CEO during the transition. While his role as chief executive ended Sunday, he continues to serve as chairman of the board.