Under the terms of the agreement, Autogrill has renewed two years in advance its exclusive contract for the management of Starbucks points of sale in US airports and highways for a further 10 years, until 2020.
Over the next 10 years, the agreement is expected to open in North America 120 new Starbucks locations operated under licence by Autogrill, in addition to more than 360 that Autogrill currently operates worldwide, and which in 2010 generated total revenues of over US$450m (over €340m).
The agreement is based on strategic collaboration between the two companies who will look at new development opportunities in the other countries where Autogrill operates.
Source: Autogrill
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