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 …

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 …

With Wendy’s Return, Argentina’s Burger Wars Are Heating Up

Patrick Archer buenos aires events, competitiveness, franchises, us companies

The ongoing battle for burger-lovin’ hearts and minds heats up tomorrow in Argentina with the official return of Wendy’s to Buenos Aires. Ohio-based Wendy’s originally bought 11 Buenos Aires restaurants in the 1990’s for $13.2 million and grew the chain to 18 company-owned restaurants before pulling out of Argentina altogether in 2000. Now, twelve years later, the smiling redhead with pigtails …

Buenos Aires Is “Very Important” to Delta Airlines

Patrick Archer foreign investment, tourism, us companies

Delta Airlines and Argentina’s national carrier, Aerolineas Argentinas, have announced a codesharing agreement for flights connecting Miami and Atlanta with Buenos Aires in addition to service to 22 new cities in the U.S. and Argentina. In an interview with Telam, Delta’s Director of Sales said BA is a “very important” Latin American destination for the Atlanta-based carrier. “Argentina is the …

More KFC, Wendy’s & Pizza Huts Coming to Argentina

Patrick Archer foreign investment, franchises, us companies

Desarrollos Gastronomicos S.A. (Degasa), the private investment company that controls D&G, the operator of the popular Havanna Cafe franchise, announced a hat trick of fast food outlet expansion in 2012. After opening their first Wendy’s in Argentina on Libertador Avenue in Martinez, the holding company will begin to look beyond Argentina’s borders. One of Degasa’s first orders of business will be expanding …