Skip to main content

Posts

Showing posts from August 27, 2009

Colombia discounts plan to buy Starbucks shares for now

New Colombia coffee czar sees no Starbucks deal for now By Luis Jaime Acosta Reuters via Forbes August 27, 2009 BOGOTA (Reuters) - Colombian's new coffee chief Thursday said the national federation had no plans for now to purchase shares in U.S. chain Starbucks Corp. as a way to better its distribution to the major U.S. market. Previous director Gabriel Silva had said Colombia, the world's No. 3 exporter, and other coffee-growing associations in Brazil and Central America were considering purchasing a share in Starbucks to improve their distribution network. "For now, the subject of buying shares is a closed subject," National Federation of Coffee Growers director Luis Genaro Munoz told reporters after he was elected into the post by the group's regional committees on Thursday. Munoz, a federation veteran who says he will follow Silva's policy line, was competing against Luis Guillermo Echeverri, a Colombian representative to the InterAmerican...

Past Postings

Show more