(Jamaica Observer) International coffee chain Starbucks has entered an agreement with Caribbean Coffee Traders Ltd to open its first café in Jamaica, in a move that is likely to shake up the existing local coffee shop market. Under the agreement, Caribbean Coffee Traders Ltd which is a consortium led by the Margaritaville Caribbean Group, will have exclusive rights to own and operate stores on the island, with the first store to be opened in Montego Bay.
According to Starbuck’s website, the operation will be a joint venture between CEO of Margaritaville Caribbean Group, Ian Dear, and Deputy Chairman and CEO of Sandals Resorts International, Adam Stewart.
