Bado Kuster Zerbino & Rachetti advised on the transaction
Starbucks (NASDAQ: SBUX) has arrived in Uruguay, with its first store opening in Montevideo Shopping mall in the capital city today. The store has a unique design and offers a wide range of Starbucks® beverages and food, including Starbucks 100 percent arabica coffees from Latin America and around the world. International retail and restaurant operator Alsea exclusively owns and operates Starbucks stores in the country.
Starbucks first entered Latin America in 2002 and since then, Alsea has expanded Starbucks retail operations to include Mexico, Colombia, Argentina, and Chile, together operating more than 900 Starbucks® stores in these markets. Alsea will similarly own and operate Starbucks retail stores across Uruguay. The opening in Uruguay marks Starbucks 77th global market, and 18th in the Latin America and Caribbean region.
Starbucks and Alsea enter Uruguay with plans to open 10 stores and create 130 new jobs by 2020
New store brings the full iconic Starbucks Experience, including handcrafted espresso beverages made with 100% arabica coffee from Latin America and around the world.
Bado, Kuster, Zerbino & Rachetti advised Alsea S.A. with a team including Fernando Rachetti (Picture), Álvaro Carrau, Agustín Rachetti, María Solari and María Eugenia Herrera.
Law Firms: Bado Kuster Zerbino & Rachetti;
Clients: Alsea, S.A.B. de C.V.;