Foreign Companies Leaving Argentina Across All Sectors

Patrick Archer competitiveness, culture, foreign investment, franchises, us companies

It’s one thing when the French maker of $500 shoes and $2,000 handbags leaves town citing an inability to compete and quite another thing when it’s a discount appliance retailer serving working class consumers with little or no credit. The retailer, Mexico’s Grupo Elektra, announced plans to leave Argentina with a press release citing “currency controls, import and export restrictions …

New Buquebus Does Buenos Aires To Montevideo In 2 Hours

Patrick Archer buenos aires events, franchises, tourism, uruguay, visionaries

Buquebus will christen the newest addition to its fleet tonight at 20:00 in Puerto Madero and, in the process, the Southern Cone finally gets its own Popemobile. Australian wave piercing ferry builder Incat Tasmania built the new LNG-powered vessel over the past three years. It is the world’s first high-speed dual fuel vehicle and passenger ferry capable of traveling at 58.1 …

FranchiseBA: Palermo Cafe Brings 3D Printing To The Masses

Patrick Archer buenos aires events, creative class, entrepreneurs, franchises, real estate

A new Buenos Aires business is bringing 3D printing to the masses and a new franchise model which puts a more collaborative twist on the old cybercafe concept. The 3D Lab Fab & Cafe opened this week in Palermo Soho (Costa Rica 5198) with the goal of offering a space where, according to the website, patrons can “have a coffee, spend …

Retail Elite: Uruguay Shoppers Spend The Most In Latin America

Patrick Archer competitiveness, foreign investment, franchises, global rankings, real estate, uruguay

Consumers in Uruguay spend more per capita than shoppers in any other Latin American country, according to a new study from Euromonitor International. The report, which focused primarily on grocery store expenditures, found Uruguayans spent US$730 per capita in 2012 which is 61% more than the number two Latin American market, Chile, where consumers spent US$453. Uruguay shoppers left the …

Mexico’s Alsea Now Owns 100% Of Starbucks In Argentina

Patrick Archer foreign investment, franchises, lifestyle, real estate, us companies

Alsea, the largest operator of fast food, coffee shop and casual dining restaurants in Latin America, now owns 100% of Starbucks Coffee Argentina after acquiring the remaining 18% interest that it did not already own. The company made a similar move in Mexico earlier this year when it acquired the remaining 18% of Cafe Sirena, the Mexican company that operates …