Starbucks acquires Brazilian operations

Starbucks Corp. has taken ownership of its coffeehouse operations in Brazil in a move to gain access to the largest consumer market in South America, the company said Thursday.

The Seattle-based company has assumed 100 percent ownership of Cafés Sereia do Brasil Participações S.A., which operates more than 20 stores throughout Brazil. Starbucks said the group's current management team will remain in place.

“We have been an active member of local commun

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