Starbucks Expands Alsea Licensing Agreement to Parts of Europe
18 Octubre 2018 - 8:51AM
Noticias Dow Jones
By Nick Kostov
Starbucks Corp. (SBUX) said Thursday it would fully license its
operations in France, the Netherlands, Belgium and Luxemburg to
Mexican restaurant operator Alsea SAB (ALSEA.MX) as part of the
coffee retailer's strategy to improve its position in the European
market.
Alsea will have the rights to operate and develop Starbucks
stores in these markets, Starbucks said, adding that the company
would introduce a new support structure in its head office in
London to better serve an increasingly licensed strategy in the
region.
The new structure aimed to "simplify our organization so that it
can best service our increasingly licensed store market strategy
while continuing to embed our mission and values in how we operate
everyday" said Martin Brok, Starbuck's president for the
region.
Starbucks opened its first Paris store in 2004. It subsequently
expanded to the Netherlands, Belgium and Luxemburg between 2008 and
2016. Its partnership with Alsea began in 2002, when the two
companies opened Mexico City's first Starbucks store.
Alsea operates more than 900 Starbucks stores in Argentina,
Chile, Colombia, Mexico and Uruguay.
Write to Nick Kostov at nick.kostov@wsj.com
(END) Dow Jones Newswires
October 18, 2018 09:36 ET (13:36 GMT)
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