American coffeehouse chain Starbucks announced that it will open its first café in Uruguay in 2018. The coffeeshop will be located in the capital, in Montevideo. Starbucks has reached a licensing agreement with its longtime partner – restaurant operator for Spain and Latin America, to develop and operate the new stores in other countries. Before that, Starbucks has already opened around 900 cafés in Mexico, Chili, Argentina and Columbia.
Over the past couple month Starbucks shares rose by 7,9% and active growth is expected. The trade will be available during American session from 14:40 to 21:00 GMT.
The information and recommendations contained in this analytical document are published strictly for information purposes and are not considered as an offer to buy or sell the trading tools mentioned above and are not intended to motivate to perform certain transactions