Alsea, Mexican owner of Starbucks and Burger, lost $208 mn in 2020

Alsea, the Mexican group that owns the Starbucks and Burger King chains in Argentina, closed 2020 with global losses of $208 million and a drop in sales of 33.4%. The subsidiary Alsea South America (which includes Argentina, Chile and Uruguay) recorded an above-average decline in sales of 41.2%.

Source: Ámbito