Sat | Sep 23, 2017

Starbucks first store in Jamaica slated for MoBay

Published:Thursday | May 4, 2017 | 5:57 PM

Starbucks Coffee Company has confirmed that it will be setting up shop in Jamaica.

The chain has granted Caribbean Coffee Traders Limited, a consortium led by Margaritaville Caribbean Group, restaurant management and franchise operator, the exclusive right to develop and operate stores in Jamaica, according to a release.

Jamaica will be Starbucks’ 17th market in the Latin America and Caribbean region, with the first store slated to open in Montego Bay. Jamaica will become the company’s sixth market in the Caribbean region.

“Jamaica is a country blessed with a rich culture and heritage, particularly with its locally-grown and world-renowned Blue Mountain coffee, which Starbucks has sourced as a specialty offering for over 40 years,” said Ricardo Rico, Starbucks general manager and vice president for Latin America operations.

Caribbean Coffee Traders is a joint venture between Ian Dear, Chief Executive Officer of Margaritaville Caribbean Group, and Adam Stewart, Deputy Chairman and Chief Executive Officer of Sandals Resorts International.

Margaritaville Caribbean Group currently operates restaurants, entertainment and tour concepts throughout the Caribbean, and provides multi-branded food and beverage experiences for major regional tourism hubs.

Its portfolio includes a diverse collection of proprietary brands, international franchises, casual dining concepts, themed bars and popular quick service restaurants, including Wendy’s, Dominos, Dairy Queen, Quiznos, Auntie Annie’s, Cinnabon, Moe’s Southwest Grill and Nathan’s.

“We are thrilled to welcome Starbucks, a globally recognized brand, to Jamaica. Leveraging our knowledge of the local market, we will deliver upon the Starbucks experience and create a global platform for Jamaica’s locally-grown and Blue Mountain coffee,” said Dear.

- business@gleanerjm.com