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ALSEAAlabama Society of Enrolled Agents
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"Some of the forecasts are that the recession in Brazil and inflation in Argentina will continue," said Maria Pia Medrano, an analyst with Fitch Ratings, "although a recovery in consumption in Argentina is being predicted." Alsea has 97 Burger King restaurants, 105 Starbucks coffee shops, and one P.F.
Being part of Alsea SAB de CV, one of the biggest groups in the consumer foodservice business in the country, is also an advantage as this allows the company to negotiate better conditions with suppliers.
Reportedly, the company's licensing agreement with Alsea provides for the development of a minimum of 12 restaurants throughout Mexico and Chile with the potential to expand the agreement to four other countries, namely Argentina, Brazil, Colombia and Peru.
Under the agreement, Alsea is buying 82% in Starbucks Coffee Chile SA in a deal it expects to wrap up immediately, and the 18% not yet owned in Starbucks Coffee Argentina S de RL de CV, with closing seen by 24 September.
Earlier this month, Alsea unveiled plans to open 14 new Starbucks stores in Mexico and 12 in Argentina.
Alsea is the leader in developing and operating quick service restaurants of recognized global brands in Mexico with more than 450 stores.
Waldport's Port of Alsea has a half-acre zoned for mixed commercial-residential use that's available for a negotiable 50-year lease.