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Starbucks to expand presence in Latin America; ‘several hundred’ stores planned for Brazil
Seattle -- Starbucks Coffee Co. details its expansion plans for Latin America, including the opening of its first shop in Costa Rica on June 20. The company also said it plans to open "several hundred stores” in Brazil the next five years. (Starbucks has full ownership of its business in Brazil.)
Starbucks and joint-venture partner Alsea expect to add more than 300 new stores in Argentina and Mexico by 2015.
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Pep Boys CFO leaves company
PHILADELPHIA — Pep Boys CFO Ray Arthur has resigned from the company in order to pursue another business opportunity, the company announced Monday. Arthur will continue in his duties until June 29. The Company has engaged Russell Reynolds to conduct a national search for Arthur’s replacement.