Consumer

Key Facts

—The plan. Starbucks plans about 30 new stores in Brazil in 2026, roughly a third more than it has now.

—The operator. The chain is now run by Zamp, the Mubadala-backed group behind Burger King in Brazil.

—The collapse. Former partner SouthRock went bankrupt in 2023 with debts of about $360m and shut many stores.