Starbucks Puerto Rico opens its 25th location

Starbucks Puerto Rico opens its 25th location

  • Starbucks has opened its 25th store on the Island at the Metropolitan University campus of the Ana G. Méndez University System in San Juan – its first new location since Hurricane Maria forced widespread store closures in September
  • Company reaffirms its long-term commitment to Puerto Rico’s economic recovery and community rebuilding efforts

San Juan, PUERTO RICO, 2017-Dec-20 — /EPR Retail News/ — Starbucks Puerto Rico is celebrating the opening of its 25th location on the Island, a new café on the Metropolitan University (UMET) campus in Cupey, which is part of the Ana G. Méndez University System (SUAGM). It is the first Starbucks® store to open since Hurricane Maria struck Puerto Rico in September, destroying homes, damaging the island’s critical infrastructure, and taking innocent lives.

As the long road to rebuilding continues, leaders from both Starbucks and the company’s local business partner, Baristas del Caribe, reaffirmed their commitment to continue working together to support the Island’s economic recovery. The two companies and their foundations have also collectively contributed more than $1.3 million toward emergency relief and long-term rebuilding efforts across the region. That includes the creation of the Tacita Verde Fund to provide emergency financial grants to local Starbucks partners (employees) and their families in need, as well as a Starbucks Foundation grant to match U.S. customer donations via the Starbucks mobile app and funding to World Coffee Research to begin the long-term work of supporting coffee farmers impacted by the hurricane.

“Our new store in San Juan, our 25th on the Island, is in honor of our Puerto Rican partners and customers, who continue to demonstrate incredible strength and resilience day after day since Hurricane Maria,” said Michael Conway, executive vice president for Starbucks Licensed Stores business across the Americas. “As we open our doors at UMET, and slowly begin to reopen all other stores across the island, we remain fully committed to our growth plans in the market as we work to create local jobs, serve our customers, and support the region’s coffee producers. I am very proud of the heroic ways in which our partners came together to support one another and their community, as well as the leadership, vision and compassion of our trusted business partner, Baristas del Caribe, led by the Fonalledas family in Puerto Rico. This will undoubtedly be a long road to recovery, and Starbucks is here for the long haul.”

“With this new opening we reaffirm that the Island is firmly on its way to recovery,” said Governor Ricardo Rosselló. “We thank Starbucks Puerto Rico for its commitment to create jobs and contribute to our economy at a time when the island needs it most. Likewise, we urge you to continue supporting your employees, as you are doing with the newly created Tacita Verde Fund.”

“Starbucks opening at the university is an example of our commitment to Puerto Rico,” said Jaime L. Fonalledas, president of Baristas del Caribe. “We remain focused on growing the brand, despite the setbacks caused by the hurricane. Our new store opening was made possible thanks to the strategic alliance established with the SUAGM system, a stable and progressive corporation, equally committed with the economic recovery of the Island.”

Starbucks intends for the new location at UMET, which is now open to the public, to become a meeting place on campus, while providing job opportunities to local students and contributing to the local economy.  Another Starbucks® store will open in Santa Isabel in early 2018.

“Today we make history by opening the first Starbucks in a higher education institution in Puerto Rico,” said José F. Méndez Méndez, president of SUAGM. “The economic development of the country is everyone’s responsibility and SUAGM will be present in any initiative that improves the quality of life of our people.”

Supporting Long-Term Relief and Recovery Efforts

In the wake of the devastating impacts of Hurricane Maria in September, Starbucks Puerto Rican partners, like the rest of the citizens on the Island, faced a long and difficult road to recovery. Many are still assessing damages to their homes and their communities, a task made much tougher due to the lack of power, limited connectivity, and long lines for necessities like water, ice, gas and food.

In response, Baristas del Caribe created the Tacita Verde Fund – its first-ever employee assistance fund dedicated to help Starbucks Puerto Rican partners and their families in need. Through an initial contribution of $50,000 from Starbucks Coffee Company, the Tacita Verde Fund is helping provide financial grants to partners with critical needs ranging from urgent home repairs to food or medical needs. The Fonalledas Foundation is also supporting the partners with donations.

In addition to the Starbucks Puerto Rico Tacita Verde Fund, Starbucks Coffee Company, Baristas Del Caribe, and its parent company Empressas Fonalledas Inc., have made the following contributions to support urgent and long-term rebuilding efforts in communities across Puerto Rico:

  • $125,000 from Starbucks Coffee Company to Unidos por Puerto Rico
  • $75,000 from The Starbucks Foundation to the Center for Disaster Philanthropy
  • $20,000 from The Starbucks Foundation to match donations by customers across the U.S. through the Starbucks mobile app. These funds will also support the Center for Disaster Philanthropy.
  • $27,000 from The Starbucks Foundation to World Coffee Research to support rebuilding of the Island’s coffee industry
  • Product/in-kind donations from the business, including bottled water and emergency supplies
  • $1 million from Empresas Fonalledas Inc. to various nonprofit organizations working on relief and recovery efforts across the Island, as well as assistance to employees. Among the nonprofit organizations are Red Cross, Para la Naturaleza, Habitat for Humanity, World Central Kitchen, Ricky Martin Foundation, Boys & Girls Club, Centros Sor Isolina Ferré, Centro para Puerto Rico and Unidos por Puerto Rico.

About The Starbucks Foundation
Established in 1997, The Starbucks Foundation has strengthened communities around the world by advancing youth leadership and community engagement. The Starbucks Foundation is a U.S. 501 (c)(3) charitable organization under U.S. law, and receives funding primarily from Starbucks Corporation and private donations.

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SOURCE:  Starbucks Corporation

MEDIA CONTACT

Phone: 206 318 7100
Email: press@starbucks.com

Baristas Del Caribe acquires exclusive rights to operate Starbucks® stores in Puerto Rico

New agreement will give Baristas Del Caribe, LLC, an affiliate of leading family-owned Puerto Rican group of companies Empresas Fonalledas, exclusive rights to operate Starbucks® stores in Puerto Rico, building on more than a decade of brand loyalty and trust 

SAN JUAN, Puerto Rico, 2015-8-20— /EPR Retail News/ — Starbucks Coffee Company and Baristas Del Caribe, LLC,  an affiliate of Empresas Fonalledas, a leading family-owned Puerto Rican group of companies, today announced that Baristas Del Caribe  has acquired exclusive rights to operate Starbucks® stores in Puerto Rico. Through a strategic licensing agreement, Baristas Del Caribe will leverage its strong local market knowledge to further grow the Starbucks retail business in Puerto Rico, building on more than a decade of brand loyalty and trust.

“This is the beginning of an exciting new chapter for Starbucks in Puerto Rico,” said Rich Nelsen, senior vice president and general manager for Starbucks Latin America. “Baristas Del Caribe is part of highly respected family-run group of companies that shares Starbucks foundational values of driving performance through the lens of humanity, as demonstrated by their strong history of investing in people, delivering an exceptional experience to customers, and creating opportunities for the communities they serve. By teaming up with Empresas Fonalledas we believe we can position the Starbucks retail business for continued expansion in the region and take the brand to even greater heights.”

Starbucks opened its first store in San Juan, Puerto Rico in 2002 and today has 19 stores across the island, employing more than 340 partners (employees). Upon successful completion of the transaction, Baristas Del Caribe will assume full operating control of Starbucks® stores in Puerto Rico, delivering the same exceptional service and high-quality, handcrafted beverages that customers have come to expect. Baristas Del Caribe also plans to accelerate growth by developing new stores over time.

“This agreement is not only a vote of confidence from Starbucks, but an opportunity to combine our expertise in the areas of commercial real estate, retail operations, and high quality products, with our in-depth knowledge of the market to further drive growth and profitability for one of the most respected brands in the world,” said Jaime Luis Fonalledas, Executive Vice President of Empresas Fonalledas Inc.  “We are building on a strong foundation with Starbucks as our company’s Tres Monjitas brand currently serves as Starbucks fresh milk provider in Puerto Rico. Starbucks has also been part of our group of tenants in Plaza Las Américas for the last two years. We are thrilled to welcome Starbucks Puerto Rico partners to the Empresas Fonalledas family and look forward to continuing to work together to grow the Starbucks business here.”

“Since launching the brand in Latin America, we’ve grown to just over 880 stores across 15 markets, 14 of which are operated by trusted licensing partners,” added Nelsen. “We have a long and promising runway for growth in Latin America and collaborating with local partners is helping us leverage their proven market capabilities to create even greater value for both our customers and partners. We are proud to add Baristas Del Caribe to our strong network of licensing partners in Latin America and are confident that their operational excellence, combined with our shared values, will help open up exciting new opportunities ahead.”

View this press release in Spanish here.

About Empresas Fonalledas Inc.
Empresas Fonalledas Inc. (“EFI”) is part of a privately owned group of companies in Puerto Rico, with a tradition of quality business enterprises dating back to the late 1800s.  Over the years, the group has managed  holdings in urban, suburban and rural properties to dairy cattle operations, a milk processing plant, non-dairy food industries, plastics manufacturing, office buildings, banking operations both home and abroad, commercial and residential properties, and shopping centers. The portfolio of companies includes amongst others: the shopping centers  Plaza Las Americas and Plaza Del Caribe; Office Buildings Torre Chardon, Parque Las Américas and Torre de Plaza; a Fresh Milk Plant Vaquería Tres Monjitas, Ganaderías Fonalledas and a soft ice cream Quick Service Restaurant (“QSR”) – Soft & Creamy. Empresas Fonalledas and its sisters companies, support multiple philanthropic organizations and are committed to the improvement of the communities on which they serve.

About Starbucks
Since 1971, Starbucks Coffee Company has been committed to ethically sourcing and roasting high-quality arabica coffee. Today, with more than 21,000 stores around the globe, Starbucks is the premier roaster and retailer of specialty coffee in the world. Through our unwavering commitment to excellence and our guiding principles, we bring the unique Starbucks Experience to life for every customer through every cup. To share in the experience, please visit our stores or online at Starbucks.com and news.starbucks.com.

Forward-Looking Statements

Certain statements contained in this release are “forward-looking statements” within the meaning of applicable securities laws and regulations, including statements about market growth and store count projections. Such forward-looking statements are based on current management expectations and satisfactions of certain conditions that are subject to various risks and uncertainties, including market conditions and those risks detailed in the Company’s filings with the Securities and Exchange Commission, including the “Risk Factors” section of the Starbucks Annual Report on Form 10-K for the fiscal year ended September 28, 2014, and the prospectus and prospectus supplement delivered in connection with the public offering of senior notes discussed in this release. The company assumes no obligation to update any of these forward-looking statements.

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SOURCE: Starbucks Coffee Company