IBOV 170,331 ▼ 2.22% IPSA 10,304 ▼ 0.54% IPC MEX 67,392 ▼ 1.31% COLCAP 2,228.19 ▼ 0.48% BVL PERÚ 34,937.73 ▲ 0.29% USD/BRL 5.07 ▲ 0.06% USD/MXN 17.27 ▼ 0.12% USD/CLP 894.81 ▼ 0.04% USD/COP 3,559 ▼ 0.46% USD/PEN 3.41 ▲ 0.12% USD/UYU 40.36 ▲ 1.40% USD/PYG 6,037 ▲ 1.68% USD/BOB 6.86 ▲ 1.82% USD/DOP 58.11 ▲ 0.71% USD/CRC 456.90 ▲ 2.50% USD/GTQ 7.62 ▲ 2.23% USD/JMD 157.19 ▲ 0.75% BRENT 94.81 ▼ 0.23% COPPER 6.44 ▼ 1.11% CORN 421.00 ▼ 0.82% COFFEE 245.40 ▼ 0.71% ORANGE JUICE 168.75 ▲ 0.21% COCOA 3,914 ▼ 1.29% PETR4 41.25 ▼ 0.77% VALE3 81.79 ▼ 3.78% ITUB4 38.72 ▼ 2.12% BBDC4 17.37 ▼ 2.14% ABEV3 16.07 ▼ 2.31% B3SA3 15.52 ▼ 4.67% WEGE3 41.78 ▼ 0.52% PRIO3 62.59 ▲ 0.98% SUZB3 41.22 ▲ 1.95% RAIZ4 0.39 ▲ 2.63% PCAR3 1.54 ▼ 1.91% POSI3 3.75 ▼ 7.64% SLCE3 14.98 ▼ 2.03% CSNA3 6.68 ▼ 6.31% GGBR4 24.13 ▼ 2.11% NEOE3 33.80 — 0.00% CMIG4 10.86 ▼ 1.27% VIVT3 33.75 ▼ 0.15% RAIA DROGASIL 17.51 ▼ 3.26% RDOR3 33.11 ▼ 3.33% HAPV3 11.22 ▼ 8.26% FLRY3 14.70 ▼ 4.11% SMTO3 17.30 ▼ 1.14% UGPA3 24.92 ▼ 3.07% VBBR3 29.48 ▼ 2.16% BBSE3 35.04 ▼ 0.26% BPAC11 50.71 ▼ 4.77% COMPASS 25.79 ▼ 2.68% VAMOS 2.94 ▼ 1.01% SANB11 26.72 ▼ 2.34% GFNORTE 179.89 ▼ 0.44% BIMBO 57.14 ▼ 2.12% GRUMA 290.36 ▼ 1.38% KIMBER 37.71 ▼ 1.00% FALABELLA 5,574 ▲ 2.28% ENELAM 76.56 ▼ 0.27% BANCO CHILE 165.50 ▲ 0.92% LATAM AIR 22.26 ▼ 0.13% PAMPA 5,135 ▲ 0.39% TGS 9,245 ▲ 0.43% COME 47.31 ▼ 1.25% TELECOM ARG 4,015 ▼ 0.93% ECOPETROL 15.64 ▲ 0.39% BANCOLOMBIA 72.33 ▲ 0.11% GRUPO AVAL 4.90 ▼ 1.61% MERCADOLIBRE 1,635 ▼ 0.23% PAGSEGURO 8.81 ▲ 0.46% STONE 10.76 ▲ 1.13% TECNOGLASS 42.74 ▲ 0.92% ASUR 292.80 ▼ 1.34% CEMEX ADR 12.94 ▲ 0.31% CSN 1.31 ▼ 0.38% GERDAU 4.71 ▼ 0.95% BTC 62,475 ▼ 2.08% SOL 66.25 ▼ 3.59% BNB 592.00 ▼ 1.91% ADA 0.16 ▼ 8.54% XLM 0.19 ▼ 5.33% HBAR 0.08 ▼ 2.32% ATOM 1.72 ▼ 4.63% AAVE 67.18 ▼ 5.58% SELIC 14.50% USD/ARS 1,437 ▼ 0.03% USD/HNL 26.64 ▲ 0.41% USD/NIO 36.62 ▲ 0.31% USD/VES 561.88 ▼ 0.13% EUR/BRL 5.91 ▲ 0.36% BBAS3 19.53 ▼ 1.81% RENT3 40.44 ▼ 3.32% AZZA3 17.38 ▼ 8.48% CSAN3 3.58 ▼ 7.73% GMAT3 4.20 ▼ 0.24% PSSA3 48.16 ▼ 1.19% CVCB3 1.48 ▼ 3.90% NATU3 9.80 ▼ 0.61% BRKM5 9.43 ▼ 5.79% RANI3 7.90 ▲ 0.51% CMIN3 4.50 ▼ 5.86% USIM5 11.46 ▼ 4.82% ENEV3 24.23 ▼ 4.42% CPFE3 43.30 ▼ 0.46% EQTL3 39.81 ▲ 1.89% EMBRAER 69.67 ▼ 3.17% EMBRAER ADR 56.51 ▲ 2.37% JBS 12.21 ▲ 2.78% JBS BDR 59.90 ▼ 1.17% MBRF3 15.78 ▼ 0.44% MBRFY 3.16 ▲ 3.27% LREN3 14.64 ▼ 5.67% RAIL3 13.89 ▼ 2.11% KLABIN 16.76 ▼ 0.89% CURY3 29.45 ▼ 6.00% AERI3 2.31 ▼ 1.28% VIVARA 20.50 ▼ 4.21% INTER 5.76 ▼ 0.69% ASAI3 8.79 ▼ 2.87% SBSP3 27.23 ▼ 1.66% WALMEX 51.57 ▼ 1.15% GMEXICO 211.45 ▼ 1.21% FEMSA 211.59 ▼ 0.10% CEMEX 22.39 ▼ 0.27% TELEVISA 9.34 ▲ 3.32% AMX 21.90 ▼ 1.35% GAP 414.21 ▼ 1.02% OMA 215.43 ▼ 1.93% KOF 184.60 ▼ 1.31% SQM-B 69,655 ▼ 1.89% COPEC 6,115 ▲ 0.25% BSANTANDER 68.11 ▲ 0.01% CENCOSUD 2,160 ▼ 0.36% CMPC 1,050 ▲ 2.14% YPF 83,850 ▲ 0.96% GGAL 7,340 ▼ 0.14% TXAR 700.00 ▲ 3.32% ALUAR 1,009 ▼ 0.59% CEPU 2,277 ▼ 1.39% MIRGOR 17,000 ▲ 0.44% LOMA NEGRA 3,445 ▼ 0.22% BYMA 293.50 ▲ 0.17% CREDICORP 326.47 ▼ 0.29% SOUTHERN COPPER 194.09 ▼ 1.27% BUENAVENTURA 34.27 ▲ 1.21% NUBANK 12.12 ▲ 4.12% XP 15.64 ▲ 0.26% GLOBANT 39.58 ▼ 0.23% GAP AIRPORT 239.64 ▼ 0.45% OMA AIRPORT 99.76 ▼ 1.40% AMX ADR 25.34 ▼ 0.78% FEMSA ADR 122.53 ▲ 0.59% PETROBRAS ADR 18.06 ▼ 0.71% VALE ADR 15.77 ▼ 1.81% ITAU ADR 7.64 ▲ 0.66% SANTANDER BR 5.35 ▲ 0.85% AMBEV ADR 3.11 ▼ 0.96% LATAM ADR 49.71 — 0.00% ETH 1,674 ▼ 5.38% XRP 1.13 ▼ 2.75% DOGE 0.08 ▼ 4.27% AVAX 7.16 ▼ 6.87% LINK 7.60 ▼ 4.97% DOT 1.00 ▼ 3.67% LTC 44.25 ▼ 2.86% BCH 227.36 ▼ 7.26% TRX 0.33 ▼ 1.88% NEAR 2.03 ▼ 7.49% IBOV 170,331 ▼ 2.22% IPSA 10,304 ▼ 0.54% IPC MEX 67,392 ▼ 1.31% COLCAP 2,228.19 ▼ 0.48% BVL PERÚ 34,937.73 ▲ 0.29% USD/BRL 5.07 ▲ 0.06% USD/MXN 17.27 ▼ 0.12% USD/CLP 894.81 ▼ 0.04% USD/COP 3,559 ▼ 0.46% USD/PEN 3.41 ▲ 0.12% USD/UYU 40.36 ▲ 1.40% USD/PYG 6,037 ▲ 1.68% USD/BOB 6.86 ▲ 1.82% USD/DOP 58.11 ▲ 0.71% USD/CRC 456.90 ▲ 2.50% USD/GTQ 7.62 ▲ 2.23% USD/JMD 157.19 ▲ 0.75% BRENT 94.81 ▼ 0.23% COPPER 6.44 ▼ 1.11% CORN 421.00 ▼ 0.82% COFFEE 245.40 ▼ 0.71% ORANGE JUICE 168.75 ▲ 0.21% COCOA 3,914 ▼ 1.29% PETR4 41.25 ▼ 0.77% VALE3 81.79 ▼ 3.78% ITUB4 38.72 ▼ 2.12% BBDC4 17.37 ▼ 2.14% ABEV3 16.07 ▼ 2.31% B3SA3 15.52 ▼ 4.67% WEGE3 41.78 ▼ 0.52% PRIO3 62.59 ▲ 0.98% SUZB3 41.22 ▲ 1.95% RAIZ4 0.39 ▲ 2.63% PCAR3 1.54 ▼ 1.91% POSI3 3.75 ▼ 7.64% SLCE3 14.98 ▼ 2.03% CSNA3 6.68 ▼ 6.31% GGBR4 24.13 ▼ 2.11% NEOE3 33.80 — 0.00% CMIG4 10.86 ▼ 1.27% VIVT3 33.75 ▼ 0.15% RAIA DROGASIL 17.51 ▼ 3.26% RDOR3 33.11 ▼ 3.33% HAPV3 11.22 ▼ 8.26% FLRY3 14.70 ▼ 4.11% SMTO3 17.30 ▼ 1.14% UGPA3 24.92 ▼ 3.07% VBBR3 29.48 ▼ 2.16% BBSE3 35.04 ▼ 0.26% BPAC11 50.71 ▼ 4.77% COMPASS 25.79 ▼ 2.68% VAMOS 2.94 ▼ 1.01% SANB11 26.72 ▼ 2.34% GFNORTE 179.89 ▼ 0.44% BIMBO 57.14 ▼ 2.12% GRUMA 290.36 ▼ 1.38% KIMBER 37.71 ▼ 1.00% FALABELLA 5,574 ▲ 2.28% ENELAM 76.56 ▼ 0.27% BANCO CHILE 165.50 ▲ 0.92% LATAM AIR 22.26 ▼ 0.13% PAMPA 5,135 ▲ 0.39% TGS 9,245 ▲ 0.43% COME 47.31 ▼ 1.25% TELECOM ARG 4,015 ▼ 0.93% ECOPETROL 15.64 ▲ 0.39% BANCOLOMBIA 72.33 ▲ 0.11% GRUPO AVAL 4.90 ▼ 1.61% MERCADOLIBRE 1,635 ▼ 0.23% PAGSEGURO 8.81 ▲ 0.46% STONE 10.76 ▲ 1.13% TECNOGLASS 42.74 ▲ 0.92% ASUR 292.80 ▼ 1.34% CEMEX ADR 12.94 ▲ 0.31% CSN 1.31 ▼ 0.38% GERDAU 4.71 ▼ 0.95% BTC 62,475 ▼ 2.08% SOL 66.25 ▼ 3.59% BNB 592.00 ▼ 1.91% ADA 0.16 ▼ 8.54% XLM 0.19 ▼ 5.33% HBAR 0.08 ▼ 2.32% ATOM 1.72 ▼ 4.63% AAVE 67.18 ▼ 5.58% SELIC 14.50% USD/ARS 1,437 ▼ 0.03% USD/HNL 26.64 ▲ 0.41% USD/NIO 36.62 ▲ 0.31% USD/VES 561.88 ▼ 0.13% EUR/BRL 5.91 ▲ 0.36% BBAS3 19.53 ▼ 1.81% RENT3 40.44 ▼ 3.32% AZZA3 17.38 ▼ 8.48% CSAN3 3.58 ▼ 7.73% GMAT3 4.20 ▼ 0.24% PSSA3 48.16 ▼ 1.19% CVCB3 1.48 ▼ 3.90% NATU3 9.80 ▼ 0.61% BRKM5 9.43 ▼ 5.79% RANI3 7.90 ▲ 0.51% CMIN3 4.50 ▼ 5.86% USIM5 11.46 ▼ 4.82% ENEV3 24.23 ▼ 4.42% CPFE3 43.30 ▼ 0.46% EQTL3 39.81 ▲ 1.89% EMBRAER 69.67 ▼ 3.17% EMBRAER ADR 56.51 ▲ 2.37% JBS 12.21 ▲ 2.78% JBS BDR 59.90 ▼ 1.17% MBRF3 15.78 ▼ 0.44% MBRFY 3.16 ▲ 3.27% LREN3 14.64 ▼ 5.67% RAIL3 13.89 ▼ 2.11% KLABIN 16.76 ▼ 0.89% CURY3 29.45 ▼ 6.00% AERI3 2.31 ▼ 1.28% VIVARA 20.50 ▼ 4.21% INTER 5.76 ▼ 0.69% ASAI3 8.79 ▼ 2.87% SBSP3 27.23 ▼ 1.66% WALMEX 51.57 ▼ 1.15% GMEXICO 211.45 ▼ 1.21% FEMSA 211.59 ▼ 0.10% CEMEX 22.39 ▼ 0.27% TELEVISA 9.34 ▲ 3.32% AMX 21.90 ▼ 1.35% GAP 414.21 ▼ 1.02% OMA 215.43 ▼ 1.93% KOF 184.60 ▼ 1.31% SQM-B 69,655 ▼ 1.89% COPEC 6,115 ▲ 0.25% BSANTANDER 68.11 ▲ 0.01% CENCOSUD 2,160 ▼ 0.36% CMPC 1,050 ▲ 2.14% YPF 83,850 ▲ 0.96% GGAL 7,340 ▼ 0.14% TXAR 700.00 ▲ 3.32% ALUAR 1,009 ▼ 0.59% CEPU 2,277 ▼ 1.39% MIRGOR 17,000 ▲ 0.44% LOMA NEGRA 3,445 ▼ 0.22% BYMA 293.50 ▲ 0.17% CREDICORP 326.47 ▼ 0.29% SOUTHERN COPPER 194.09 ▼ 1.27% BUENAVENTURA 34.27 ▲ 1.21% NUBANK 12.12 ▲ 4.12% XP 15.64 ▲ 0.26% GLOBANT 39.58 ▼ 0.23% GAP AIRPORT 239.64 ▼ 0.45% OMA AIRPORT 99.76 ▼ 1.40% AMX ADR 25.34 ▼ 0.78% FEMSA ADR 122.53 ▲ 0.59% PETROBRAS ADR 18.06 ▼ 0.71% VALE ADR 15.77 ▼ 1.81% ITAU ADR 7.64 ▲ 0.66% SANTANDER BR 5.35 ▲ 0.85% AMBEV ADR 3.11 ▼ 0.96% LATAM ADR 49.71 — 0.00% ETH 1,674 ▼ 5.38% XRP 1.13 ▼ 2.75% DOGE 0.08 ▼ 4.27% AVAX 7.16 ▼ 6.87% LINK 7.60 ▼ 4.97% DOT 1.00 ▼ 3.67% LTC 44.25 ▼ 2.86% BCH 227.36 ▼ 7.26% TRX 0.33 ▼ 1.88% NEAR 2.03 ▼ 7.49%
since 2009
Friday, June 5, 2026

Business - Brazil Rio de Janeiro

Starbucks Reaches Rio

By · March 15, 2009 · 2 min read

Daily Brief

The morning intel from across Latin America. Free.

By subscribing you agree to our privacy policy. We never share your email.

By Doug Gray, Contributing Report

Starbucks in Leblon, Photo by Doug Gray
Starbucks in Leblon, Photo by Doug Gray
RTAsk Rio TimesAsk about Latin American markets, currencies, and companies — answered from our reporting and live data.Start asking →

RIO DE JANEIRO – Coffee has long held a precious place in the heart of Brazilians, but the country itself has an awkward history with the bean known as ‘black gold’. Having sliced down large swathes of Atlantic Rainforest to cultivate more of the profitable crop in the 19th century, that trend was mercifully reversed over a century ago, the forest replanted, and the industry moved to the more fertile lands of Sao Paulo and Minas Gerais.

Today the argument runs that Brazil exports all of its best beans, leaving the locals with second rate options in supermarkets as well as the much loved ‘cafezinho’, the poor cousin of the espresso but nonetheless a welcome and often free way of rounding off a typically oversized Brazilian lunch.

Enter Starbucks. Around the same time they announced the closure of 600 stores across America in the summer of 2008, a press release was issued stating that the company would be aggressively pursuing the Latin American market, expanding on its first Brazilian outlet with a handful of new bars in Sao Paulo to join the city’s 2006 flagship, and also introducing the first Starbucks to Rio De Janeiro.

When Leblon’s most modern of malls, Leblon Shopping, announced it would open the city’s first Starbucks in time for Christmas 2008, the gentle ripple of excitement of getting the Frapuccinos or Skinny Lattes that have been ubiquitous in US film and television for years was tangible and as the queues that snake around the cavernous main hall attest, it still is.

Certainly that line has something to do with the local’s inimitable take on the traditional Starbucks service technique, and the free for all that goes with grabbing your drink at the end of the conveyor belt of ‘baristas’ is quintessentially carioca, but the locals wouldn’t have it any other way and you certainly won’t find another country in the world where you can get pao de queijo with your cappuccino.

Besides which, Starbucks Brazil is a national company, majority-owned by the Rodenbeck family (responsible for bringing to Brazil both McDonalds in the 80s and Outback Steakhouse in the 90s) who saw the opportunity of the chain working in a prosperous and increasingly global-savvy Brazil, an idea that would have died on its feet five years ago.

In keeping with local demands the beans are almost all national too, and of course, you can ask for an extra dark/extra strong blend that may be a step closer to the never-forgotten cafezinho. With further stores planned in malls and high streets in Zona Sul and Barra before the end of 2009, it looks like Rio will become yet another city that could not resist the charge of the world’s largest coffee brand for long.

Read More from The Rio Times

Daily Brief

The morning intel from across Latin America. Free.

By subscribing you agree to our privacy policy. We never share your email.

Rotate for Best Experience

This report is optimized for landscape viewing. Rotate your phone for the full experience.