Consumer
Zamp Sees Starbucks Growing to 1,000 Stores in Brazil
- Zamp expects rapid growth to begin in a couple of years
- Coffee chain’s presence in Brazil remains relatively small
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Brazilian restaurant operator Zamp SA is looking to expand Starbucks’ presence in the country to 1,000 locations — a nearly ten-fold increase from today.
Zamp, which is backed by Mubadala Capital, seeks an aggressive expansion starting in about two years, according to a person familiar with the matter who asked not to be named discussing private information. The timeline isn’t exact and Zamp sees it as a mid-term target, the person said. The strategy would focus on big cities and their airports, including Rio de Janeiro and Sao Paulo, where robust demand is anticipated, and Zamp is looking at different store sizes.