Starbucks Coffee Announces expansion Plan for Latin America
Starbucks Coffee, the world's largest coffee chain, announced its expansion plans in Latin America on Tuesday, where most of Starbucks' coffee beans come from.
Starbucks Coffee has 560 stores around the world and will open the country's first Starbucks coffee shop on Wednesday in the Escazu district of San Jose, the capital of Costa Rica.
The company also said it would open "hundreds of restaurants" in Brazil over the next five years.
Starbucks and its partner Alsea say they will open more than 300 coffee shops in Argentina and Mexico by 2015.
Earlier this month, Starbucks opened an agricultural aid center in the western Colombian city of Manisales to help local growers improve the production and quality of coffee.
Starbucks shares rose 2% to $55.23 on the Nasdaq stock market.
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