Starbucks (SBUX) to Open First Store in Argentina Tomorrow

May 29, 2008 10:41 AM EDT
Starbucks (Nasdaq: SBUX) will open its first store in Argentina tomorrow, May 30, supporting its worldwide expansion plan. The new Starbucks store is located in Buenos Aires, in the Alto Palermo Shopping Center, which is considered one of the premier shopping centers in the country.

Along with the store opening, Starbucks will introduce several new beverage and food items: Dulce de Leche Latte, Frappuccino(R) blended beverage, Mate Latte (a yerba mate infused latte), media luna croissants, alfajores (chocolate cookies filled with Dulce de Leche), and sandwiches de miga (crust-less finger sandwiches).

Shares of Starbucks are up $0.24, or 1.4%, to $18.07 today.

Starbucks Corporation engages in the purchase, roasting, and sale of whole bean coffees worldwide.

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