According to the Gleaner, the green light was given to Caribbean Coffee Traders Limited, a consortium led by the Margaritaville Caribbean Group, to open Starbucks cafes in Jamaica. Caribbean Coffee Traders will have the exclusive rights to own and operate stores on the island, with the first one to open in Montego Bay.
“Jamaica is a country blessed with a rich culture and heritage, particularly with its locally-grown and world-renowned Blue Mountain coffee, which Starbucks has sourced as a specialty offering for over 40 years,” said Ricardo Rico, Starbucks general manager and vice president for Latin America operations.
Caribbean Coffee Traders is a joint venture between Ian Dear, Chief Executive Officer of Margaritaville Caribbean Group, and Adam Stewart, Deputy Chairman and Chief Executive Officer of Sandals Resorts International.
“We are thrilled to welcome Starbucks, a globally recognized brand, to Jamaica. Leveraging our knowledge of the local market, we will deliver upon the Starbucks experience and create a global platform for Jamaica’s locally-grown and Blue Mountain coffee,” said Dear.
Margaritaville Caribbean Group’s portfolio of brands includes Wendy’s, Dairy Queen, Domino’s Pizza and Cinnabon.