Starbucks to expand in Latin America

New York City -- Starbucks Coffee Co. plans to expand in Latin America after concentrating in recent past years more on Asia, founder and CEO Howard Schultz said at a presentation in Madrid, Bloomberg reported.

The chain as about $2 billion in cash to invest in an “aggressive and opportunistic way,” Schultz said, and is especially interested in Brazil, according to the report.

The CEO also said he is “more optimistic” about the company than ever before, and that Starbucks will be “opportunistic and aggressive” seeking growth.