The US coffee giant says the region is a key growth market as it prepares to open its first store in Guyana in April 2023
Starbucks' goal is to build all new stores in Latin America and the Caribbean under the Greener Stores framework by the end of 2023 | Photo credit: Aaron Ho
Starbucks expects to open approximately 120 new stores across Latin America and the Caribbean by the end of 2023, including its first store in Guyana.
The Seattle-based coffee chain, which recently reached its 1,600-store milestone across Latin America and the Caribbean, said expansion in the region this year will focus on drive-thru locations and Greener Stores.
Starbucks’ Greener Store Framework is designed to accelerate the transformation of retail towards lower-impact stores, reducing carbon emissions, water usage and landfill waste.
The coffee chain’s goal is to build all new stores in Latin America and the Caribbean under the Greener Stores framework by the end of 2023.
Starbucks has partnered with existing franchisee Prestige Holdings to launch in Guyana, its 85th market globally, with its first store in the country set to open in April 2023.
Prestige Holdings, which operates 12 Starbucks outlets in Trinidad and Tobago, said the Amazonia Mall drive-thru site has specifically been designed for on-the-go consumers.
“Since entering the region in 2002, Latin America and the Caribbean has been integral to Starbucks business and continues to be key to our international growth. Our market entry into Guyana allows us to bring the Starbucks Experience focused on connection and personalised moments to even more customers,” said Michael Conway, Group President, International and Channel Development, Starbucks.
Prestige Holdings also operates the KFC, Pizza Hut, TGI Fridays and Subway brands in Trinidad and Tobago and select Caribbean Islands. It currently has 128 outlets across its portfolio.