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Alsea takes over Mexican Starbucks

April 2, 2013

Mexico restaurant operator Alsea has signed an agreement with Starbucks to take equity control over the coffee chain's Mexican stores, according to Reuters.

The deal, which also includes Alsea opening 50 new Starbucks units each year for the next five years in Mexico, has Alsea buying out an 18-percent stake that a Starbucks international affiliate held in the Alsea subsidiary currently operating the Mexico stores.

The statement did not say how much Alsea will pay for the stake.

Alsea also operates PF Chang's, Domino's Pizza and Burger King in Mexico.

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