juan valdez
Will the mermaid rescue Juan Valdez? Or will she send the mythical Colombian coffee farmer and his faithful donkey over an Andean mountain cliff? That’s the question Colombians are debating following the Aug. 26 announcement that Seattle-based Starbucks plans to bring its famous green sea nymph logo to Colombia by opening 50 coffee houses over the next five years.
After buying coffee from Colombia for almost half a century, Starbucks Corp. (SBUX) is finally opening a cafe there, part of its accelerating expansion in Latin America. The world’s largest coffee-shop operator will open a cafe in Bogota in the first half of next year and then five more locations later in 2014, Chief Executive Officer Howard Schultz said in a telephone interview. The stores will be operated through a joint venture between Alsea SAB (ALSEA*) and Grupo Nutresa SA (NUTRESA), and will sell locally sourced and roasted espresso and coffee.