Global Fashion Brands Targeting South America, Still Avoiding Argentina

[soliloquy id=”21042″] Four years removed from the mass exodus of Polo Ralph Lauren, Louis Vuitton and Escada from the streets of Recoleta, global fashion brands are once again targeting major South American metros with the notable exception of BA. “Foreign Clothing Brands Keep Avoiding Argentina” is the headline of Alfredo Sainz’s excellent piece in La Nacion charting the retail resurgence in neighboring countries and the extended fashion …

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

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 …

With Mendoza Double Shot, Starbucks Hits 60 in Argentina

Exactly six months after announcing plans to open the first Starbucks in Mendoza, the company is cutting the green ribbon on two new Mendoza locations this week: Mendoza Plaza Shopping and Palmares Open Mall. Yesterday’s Mendoza Plaza Shopping grand opening brought the number of Starbucks locations in Argentina to an even 60, while Friday’s Palmares debut will raise the total …

McDonald’s To Open On “The Most Famous Corner” in Argentina

It used to be a Cinema, but it wasn’t a cinema. It was just located next to a cinema, but the cinema closed in 2002 and the Cinema closed earlier this year. So the cinemas are long gone, but what remains is one of the most valuable corners of commercial real estate in Buenos Aires: Callao and Santa Fe. Clarin’s …

Double Shot: 300 New Starbucks Coming to Argentina, Mexico

Since arriving three years ago, Starbucks has been opening new locations in Argentina at a rate of 12 per year. In fact, the company just opened the 36th location in Rosario reflecting the strategic shift of global brands to the country’s interior. Now, a new business plan should easily double the number of locations Starbucks opens in Argentina per year. …