Brazilian fast-food company Zamp, backed by Mubadala, acquires Starbucks' operations in Brazil for 120 million reais ($22.7M).
Brazilian fast-food company Zamp, backed by Abu Dhabi's Mubadala, acquires Starbucks' operations in Brazil for 120 million reais ($22.7M). Zamp, already operating Burger King and Popeyes, plans to purchase more than 100 Starbucks stores, subject to regulatory approvals. The acquisition emphasizes the strategic importance of the Brazilian market for international brands, aligning with Zamp's growth strategy.
June 06, 2024
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