Starbucks to license out certain EMEA stores to Mexico's Alsea
FILE PHOTO: A pedestrian walks past a Starbucks cafe in central Wellington, New Zealand September 3, 2018.
REUTERS: Starbucks Corp said on Thursday it would license out its operations in France, Netherlands, Belgium and Luxembourg to long-standing partner Mexico's Alsea SAB .Restaurant chain operator Alsea will have the rights to operate and develop Starbucks stores in these markets, the company said in a statement.
Starbucks and Alsea first partnered in 2002, when together they opened Mexico City's first Starbucks store.(Reporting by Aishwarya Venugopal in Bengaluru; Editing by Arun Koyyur)
Source : https://www.channelnewsasia.com/news/business/starbucks-to-license-out-certain-emea-stores-to-mexico-s-alsea-10841488