Juan Valdez sales and profits soaring

Tiendas Juan Valdez increased its sales by 80% in the first quarter of 2008 compared with the first quarter of 2007, says Procafecol, the group which manages the Colombian coffee-shop chain. In the first three months of this year, the chain posted sales of Peso$16.163bil (US$9mil). In a year, the chain has doubled in size to reach 100 outlets in Colombia with growth going on internationally too. The first of eight coffee-shops planned for Chile in association with Grupo Falabella this year has already opened, for example. Gross profits for the Procafecol chain in the
first quarter of 2008 came to Peso$8.943bil, a rise of 97% over January-March 2007.

Publication: SABI - Business News
Provider: South American Business Information
Date: April 23, 2008