Starbucks Signs Deal with SouthRock to Expand in Brazil

Starbucks entered into a licensing agreement with Brazilian restaurant group SouthRock, giving the company the right to develop and open more Starbucks locations throughout Brazil.

By Nelson Belen, Contributing Reporter

RIO DE JANEIRO, BRAZIL - The well-known American coffee company and coffeehouse chain, Starbucks, has announced that it has signed a deal with Brazil's leading restaurant operator, SouthRock, allowing the group to fully license Starbucks retail operations throughout the country. The agreement paves the way for SouthRock's planned expansion of Starbucks locations in Brazil.

The financial details of the arrangement were not disclosed, but after its announcement, representatives for Starbucks and . . .

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