Starbucks Reserve® bar makes debut in Chile; the first in Latin America

Starbucks Reserve® bar makes debut in Chile; the first in Latin America

 

Seattle, 2017-Jun-26 — /EPR Retail News/ — A mural evokes Santiago’s city life. Ceilings and walls exude the warmth of Aromo wood from Chile’s Maule Region. Local marble represents the ancient caves of Patagonia.

It took Starbucks designer Jeremiah Bailey and his team more than a year to bring the space to life, and now in Santiago, Chile’s vibrant culture is on display at the first Starbucks Reserve® bar in Latin America.

“When designing, we try to uncover unique elements and ideas about a place through our research,” Bailey said. “We can’t be overt about it – we have to find a way to be respectful and humble about learning different cultures and then finding ways to represent them in our designs.”

“We knew that local materials would infuse the space with the DNA of Santiago to make the store feel like home.”

The new store, located in the El Golf neighborhood, features an interactive coffee bar that highlights rare, small-lot Starbucks Reserve coffees from around the world. Baristas are all certified Coffee Masters who handcraft beverages using a variety of state-of-the-art brewing techniques like siphon, Black Eagle manual espresso machines and Nitro Draft Cold Brew taps to bring out the coffees’ flavors. Customers can enjoy the classic Starbucks menu in addition to specialty beverages inspired by the Starbucks Reserve Roastery in Seattle including Sparkling Espresso with Mint and Nitro Cold Brew with Sweet Vanilla Cream. Starbucks® stores with Reserve coffee bars will make up 20 percent of the company’s global store portfolio over time.

Bringing the history of Chile to life through art

The mural, on a massive concrete wall 30 feet wide by 13 feet tall, is a focal point in the café. Bailey found the work of Nicolas Arroyo online and knew right away that his artistic style could tell Chile’s story.

“There is a distinct graphic quality in Santiago seen particularly with street art,” he said. “Nicolas uses this same style, which features bold, thick lines. I had a strong sense that his work would resonate with customers.”

Arroyo grew up in Santiago, the only child of a classical guitarist and nurse, which meant he spent a lot of time alone. He marked his home with drawings on furniture, on walls and in cabinets, which was a segue into graffiti art, which he mastered as a teenager.

Today, Arroyo owns Bespoke, a strategic and foresight design firm in Copenhagen, Denmark, and continues to create fine art, which he displays on social media and in galleries.

“I liked the concept of the mural right away and loved that it was in my hometown of Santiago. I knew that I could represent the history of Chile and many of the cultural norms and behaviors that only those who have lived in the city would know,” Arroyo said. “I now live in a country that is not my own, so when I come home to Santiago, I notice all of the changes in the city. I have an old image of the city, but I also see new things that helped me create a visual collage.”

Arroyo sketched the mural before transferring his work, using Posca markers from Japan for the outline and metallic copper paint to introduce color.

“Given that Starbucks is an international brand, it’s important that the company’s stores have a sense of something local to provide that local context,” Arroyo said. “When you live in a place, you sometimes take it for granted. Santiago is a wonderful city. It’s beautiful and I hope the mural helps remind Chileans just how beautiful it really is.”

“Ultimately, the store is for the customers, but it’s also for the partners,” Bailey said, referring to Starbucks employees in the store. “It was so wonderful to watch partners look around the space for the first time and see their eyes light up. It’s now their new home and they have the chance to bring it to life.”

MEDIA CONTACT:

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

SOURCE: Starbucks Corporation

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Cold Stone Creamery® launches Grab and Go product line in Chile

SCOTTSDALE, Ariz, 2017-Feb-11 — /EPR Retail News/ — Cold Stone Creamery® (www.ColdStoneCreamery.com) has partnered with a Master Licensee in Chile launching a line of Grab and Go products now available at select locations throughout the country.

This is an important first step for the iconic ice cream brand, owned by parent company Kahala Brands™, as it introduces The Ultimate Ice Cream Experience® to the Chilean people through a collaboration with PJ Chile SpA, owned by Drake QSR.

Drake QSR is one of the fastest-growing, most successful franchise businesses, with more than 50 units throughout Chile.

“We’re excited for Chilean consumers to try new and better ice cream experiences through the launch of our product as a convenient Grab and Go item,” said Eddy Jimenez, senior vice president of international operations and development at Kahala Brands. “This collaboration with PJ Chile SpA allows customers their first opportunity to experience the Cold Stone Creamery brand in Chile.”

The company hopes to generate buzz through this Grab and Go item; and provide momentum for expanding the Cold Stone Creamery brand in Chile. It plans to differentiate itself from others in the Chilean market based on the premium quality of its product.

“Cold Stone Creamery offers a premium quality product by serving the best ice cream, made using the best ingredients, delivered through a unique experience, which provides a high value proposition,” said Jimenez. “As the brand makes its entry into Chile, we see great opportunity for the brand to expand beyond Grab and Go and offer the Ultimate Ice Cream Experience to consumers.”

Cold Stone Creamery has continued to make strong key moves into the international market in recent years. The international growth of Cold Stone Creamery began in November 2005 when the first international store opened in Tokyo, Japan. Today, stores are operating in over 300 international locations and in 28 countries abroad, including the Philippines, Kuwait, Qatar, Trinidad, Nigeria, Egypt, India and Indonesia.

About Cold Stone Creamery

Cold Stone Creamery® delivers the Ultimate Ice Cream Experience® through a community of franchisees who are passionate about ice cream. The secret recipe for smooth and creamy ice cream is handcrafted fresh in each store, and then customized by combining a variety of mix-ins on a frozen granite stone. Headquartered in Scottsdale, Arizona, Cold Stone Creamery is owned by parent company Kahala Brands™, one of the fastest growing franchising companies in the world, with a portfolio of 18 quick-service restaurant concepts. The Cold Stone Creamery brand operates approximately 1,500 locations in over 28 countries.

For more information about Cold Stone Creamery, visit www.ColdStoneCreamery.com.
For more information about Kahala Brands, visit www.KahalaBrands.com.

CONTACT:
Jessica Benedick
Cold Stone Creamery
480.362.4837
jbenedick@kahalamgmt.com

Source: Cold Stone Creamery

Chile: Cencosud S.A. Announces Pricing of Public Secondary Offering of its Common Stock by Inversiones Tano Limitada

Santiago, Chile, 2016-Jul-17 — /EPR Retail News/ — Cencosud S.A. (NYSE: CNCO, BCS: Cencosud) (“Cencosud” or the “Company”) announced today the pricing on July 14, 2016 of the previously announced public secondary offering, in which Inversiones Tano Limitada (the “Selling Shareholder”) offered 170,551,251 shares of the Company’s common stock, representing 6% of Cencosud’s total outstanding common stock, including in the form of American Depositary Shares (“ADSs”). The price to the public is Ch$1,750.00 per share or U.S.$8.07 per ADS. Each ADS represents three shares of common stock of Cencosud. 14,905,977 shares were allocated in the United States and elsewhere outside of Chile in the form of ADSs (the “International Offering”) and 155,645,274 shares were allocated in Chile in the form of common stock (the “Chilean offering” and, together with the International Offering, the “Global Offering”).

The Global Offering is expected to close on or around July 19, 2016, subject to customary closing conditions. Cencosud will not receive any proceeds from the sale of the shares of common stock or the ADSs in the Global Offering. The Selling Shareholder is controlled by the Paulmann Family, who will continue to be the controlling shareholders of Cencosud following the Global Offering.

J.P. Morgan Securities LLC and Credicorp Capital S.A. Corredores de Bolsa are acting as global coordinators in the Global Offering, with J.P. Morgan Securities LLC acting as sole book-running manager in the International Offering and Credicorp Capital S.A. Corredores de Bolsa and J.P. Morgan Corredores de Bolsa SpA acting as Chilean placement agents in the Chilean Offering.

The International Offering was conducted pursuant to an effective registration statement that was filed with the U.S. Securities and Exchange Commission (the “SEC”) on July 11, 2016. The final prospectus related to the International Offering, when available, can be found on the SEC’s website at http://www.sec.gov. Alternatively, copies of the final prospectus, when available, may be obtained by contacting J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, Phone: 631-254-1735.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Cencosud S.A.
Cencosud is a leading multi-brand retailer in South America, headquartered in Chile and with operations in Chile, Brazil, Argentina, Peru and Colombia. The Company operates in supermarkets, home improvement stores, shopping centers and department stores. In 2012, the company listed American Depositary Receipts on the New York Stock Exchange.

Investor Relations Contact:
Marisol Fernández
+562 2959 0545
Mariasoledad.fernandez@cencosud.cl

Natalia Nacif
+562 2959 0368
Natalia.nacif@cencosud.cl

Valentina Klein
+562 2200 4395
Valentina.klein@cencosud.cl

Source:Cencosud