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Zamp to buy Starbucks brand rights, stores in Brazil from SouthRock
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Zamp to buy Starbucks brand rights, stores in Brazil from SouthRock
Jun 6, 2024 5:03 AM

SAO PAULO, June 6 (Reuters) - Brazilian restaurant chain

operator Zamp has agreed to buy the rights to operate

the Starbucks brand in the Latin America country, as

well as some stores, for 120 million reais ($22.7 million), it

said on Thursday.

Zamp added in a securities filing that the deal was signed

with SouthRock, the company that currently owns these rights and

assets in Brazil and has been in bankruptcy protection since

last year.

($1 = 5.2991 reais)

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