Starbucks‘ (NASDAQ:SBUX) CEO Howard Schultz says the company may grow through acquisitions in an “aggressive and opportunistic way” after stockpiling close to $2 billion in cash. The firm will also increase its presence in Latin America (NYSE:ILF) – particularly Brazil (NYSE:EWZ) – to model its aggressive expansion in Asian markets.
“Starbucks, which gets more than 20 percent of its sales from outside the U.S., has accelerated openings in China (NYSE:FXI) to tap demand from China’s growing middle class. The coffee brewer plans to more than triple its store count in mainland China to 1,500 locations by 2015, Starbucks said earlier this year,” according to Bloomberg.
At home, Dunkin’ Donuts (NASDAQ:DNKN) signed a multi-season sponsorship with ESPN’s “Monday Night Countdown” show. The move will add a marketing push as the coffee and donut chain ramps up units in Las Vegas, Dallas and Phoenix. “The long-term goal for Dunkin’ is to add 5,000 stores in the West. That would help the company hit a long-term goal of 15,000 total U.S. stores, compared with the current level of about 6,800,” reports the Boston Business Journal.
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