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A private entity is now actively engaged in raising capital to carry the coffee chain Starbucks to Jamaica, it is understood.
The entity secured the services of an investment house to consider viable methods of raising funds, it is understood.
The players want to put the first location in Sangster International Airport in Montego Bay. There are over 4 million passengers that commute through the airport annually. Visitors to the airport can buy an array of coffees from the airport including from Cafe Blue, Jablum, Coffee Roasters Jamaica.
Earlier this year local media reported that Starbucks is considering entering the island along with other Caribbean territories in the medium term.
Who are the two private sector players seeking to acquire the
Starbucks franchise in Jamaica–They are both in hospitality sector, the
Will Starbucks increase the coffee culture? Will Starbucks improve a
cup of local coffee? Or would it simply increase the price? Let’s see. Not all cafe players are upbeat about the prospects especially those who earn from the tourist market.