Alsea drives Starbucks’ expansion with Chile and Argentina buy

24 July, 2013

Mexican Starbucks operator Alsea is to open more than 100 new coffee shops in Chile and Argentina on behalf of the Seattle global coffee chain, hiring Mexico’s Diaz de Rivera y Mangino SC and Chile’s Alessandri Abogados as it takes full control of its operations in the two countries.

Alsea, one of Latin America’s leading restaurant operators, paid an undisclosed amount for an 82 per cent of the Chilean operations and 18 per cent of its Argentine operations, to take a 100 per cent stake in both.

Starbucks is expanding in line with rising demand for lattes and frappuccinos among Chile and Argentina’s middle classes. Alsea says it aims to open 130 stores in the two countries over the next five years, having opened more than 300 Starbucks coffee chains in Mexico over the last decade.

Three months earlier, Alsea took full control of Starbucks’ outlets in Mexico in exchange for opening a further 50 new stores before 2019.

Alsea has been targeting other parts of Mexico’s consumer sector in recent weeks, turning to Diaz de Rivera y Mangino for its entry into the clothing retail sector by buying up Grupo Axo, advised by Mijares, Angoitia, Cortés y Fuentes SC and San Martin y Pizarro Suárez SC, earlier this month, and relying on in-house counsel to close a master franchise agreement with Burger King, which turned to Von Wobeser y Sierra SC and Greenberg Traurig LLP, three months earlier.

Counsel to Alsea

General counsel Armín Cañas

Diaz de Rivera y Mangino SC

Partners Xavier Mangino Dueñas and José Manuel Meillón in Mexico City

Alessandri Abogados

Partner Fernando Jamarne and associate Guillermo Correa in Santiago

 

Read complete article in Latin Lawyer

Read Press Release from Alsea

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