
US chain Starbucks Wednesday opened its first cafe in Colombia -- a world famous coffee exporter -- apparently unafraid it will be like selling sand at the beach.
To gear up for a soft landing, the US company teamed up with local company Nutresa, and picked a location in Bogota's exclusive Parque de la 93 for upscale appeal.
Starbucks "is looking to achieve a leadership position in the (Colombian) domestic market," a Nutresa statement said.
Colombia is the world's leading exporter of smooth arabica.
So in a country where people know their coffee, Starbucks has decided to sell 100 percent Colombian beans in all its Colombian outlets.
"For us, it is a point of pride that Colombia will be the first country in Latin America where all the coffee Starbucks serves will be 100 percent Colombian," said Carlos Gallego, head of Grupo Nutresa.
Colombia, with 47 million people, a booming economy and growing middle class, is an increasingly frothy market for international investors.
GMT 15:13 2018 Saturday ,20 January
US 'erred' in supporting WTO membership for China, RussiaGMT 17:22 2018 Thursday ,18 January
US industrial output in 2017 posts biggest gain since 2010GMT 17:12 2018 Thursday ,18 January
No more bonuses for Carillion bosses after UK collapseGMT 17:20 2018 Wednesday ,17 January
EU to remove Panama, South Korea from tax haven blacklistGMT 17:16 2018 Wednesday ,17 January
Citigroup reports steep Q4 losses tied to US tax reformGMT 17:11 2018 Wednesday ,17 January
Pressure rises on British govt over Carillion collapseGMT 17:52 2018 Monday ,15 January
Iran jetliner deal could take longer to complete, Airbus saysGMT 17:44 2018 Monday ,15 January
EU to remove Panama, Korea, UAE, 5 others from tax haven blacklist
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor