Argentina’s Golden Arches Burning Brightly

Patrick Archer foreign investment, franchises, us companies

Bloomberg is reporting that Buenos Aires-based Arcos Dorados, owner of the license to operate McDonald’s restaurants in Argentina and several other Latin American countries, will tap international debt markets and issue $450 million in 10 year bonds this week. Bank of America Merrill Lynch and Morgan Stanley will manage what Bloomberg calls “the first Argentine corporate bond sale in international …

Tata Announces Major Investment in Buenos Aires

Patrick Archer ba government, creative class, foreign investment, technology

India’s largest IT services and outsourcing firm, Tata Consultancy Services, today announced the opening of a new global delivery center in Buenos Aires. The 100,000 square foot facility, which will be Tata’s first SAP Center of Excellence in Latin America, will initially house 250 IT consulting professionals and ultimately 1,400. The announcement was a major first step toward GCBA’s (Government …

U.S. Agriculture Giant Opens Buenos Aires Office

Patrick Archer agribusiness, foreign investment, us companies

Minnesota-based energy, grains and foods company CHS Inc. today announced the opening of a corporate office in Buenos Aires. (Press release) CHS Senior Vice President Rick Browne described the strategic importance of its first Argentina office and second in Latin America, “This South American location is an important step in the fulfillment of our CHS global strategy. It will also be particularly …

Starbucks Expanding in Buenos Aires

Patrick Archer foreign investment, franchises, us companies

From Mercedes-Benz to American Express to McDonald’s, Argentines have long had an appetite for killer brands, so it was only logical that Starbucks finally made the foray into Buenos Aires. The Seattle-based coffee giant opened its first BA coffeehouse in the trendy Alto Palermo shopping center in May 2008, and the local chain now consists of four locations in Downtown, …