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Report: Alsea to invest $110 million to expand Starbucks in Latin America
New York – Alsea, Latin America's biggest restaurant operator, will invest $110 million over the next three years in 220 new Starbucks cafes in Mexico and Argentina, Reuters reported.
Around $75 million of the investment would be put into some 170 new stores in Mexico, which is Starbucks' fastest-growing Latin American market, with the balance going to its number two regional market Argentina, according to the report.
Currently, Argentina and Brazil have about 50 Starbucks stores each. -
Corner Bakery Café announces expansion plans
Dallas -- Corner Bakery Café has announced expansion plans for Portland, Ore., Minneapolis-St. Paul and Orlando, Fla.
The targeted expansion calls for 18 new locations in Minneapolis-St. Paul, 18 in Orlando and 11 in Portland. Corner Bakery Cafe is currently evaluating potential franchisees for each market.