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.
The CEO also said he is “more optimistic” about the company than ever before, and that Starbucks will be “opportunistic and aggressive” seeking growth.
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.