"We think we're a part of that. Not all of that," he says.
In Colombia, Starbucks will work with Alsea, a Mexican restaurant operator it has worked with for 10 years, and Grupo Nutresa, a Colombian food manufacturer and distributor.
"The timing of the three relationships coming together made it perfect, but even if that hadn't we'd be figuring out a way to come to Colombia," Nelsen says, citing its population of 46 million, consistent growth rate above 5% and increasing political stability.
-- Written by Dan Freed in New York.Follow @dan_freed
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts