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Starbucks to expand in Latin America
New York City -- Starbucks Coffee Co. plans to expand in Latin America after concentrating in recent past years more on Asia, founder and CEO Howard Schultz said at a presentation in Madrid, Bloomberg reported.
The chain as about $2 billion in cash to invest in an “aggressive and opportunistic way,” Schultz said, and is especially interested in Brazil, according to the report.
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Chipotle debuts new restaurant concept
New York City -- Chipotle Mexican Grill has opened a new format, called ShopHouse Southeast Asian Kitchen, in Washington, D.C.’s, DuPont Circle neighborhood.
The Asian-themed eatery uses the same set-up as the company’s namesake restaurants, with customers able to customize the food offerings.