Word: americanization
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...start with Mexico? P.F. Chang's says it was as simple as finding the right local operator. In Mexico, that company is Alsea, which operates more than 1,000 Domino's, Starbucks and other American food outlets throughout Latin America. "It just so happens that Mexico makes a great deal of sense because it's closer [to the U.S.]," says DeAngelis. Greg Ruedy, a restaurant analyst at the Stephens financial-services firm in Little Rock, Ark., says it's logical for the company to start in Mexico given the number of American tourists there, the flow of Mexican migrant workers...
...negotiating a deal to expand to the Philippines, and it's exploring options in Canada, Puerto Rico, India and Singapore. As for China itself, "Time will tell," says DeAngelis. But there's at least one food-industry model that suggests that the company may stand a chance at selling Americanized Chinese food to Chinese in China. After pulling out of the Mexican market in 1992, Taco Bell relaunched in the country two years ago and now has plans to expand to 300 outlets. If Mexicans are willing to spend their pesos on authentic American chimichangas, maybe...
...India outlets, despite the economic crisis. In Mexico, the partner is the billionaire Carlos Slim and his Sears Mexico group. Under a deal signed last year, Benetton aims to open 250 new standalone outlets and boutiques in Sears stores in Mexico. Alessandro is also targeting other Latin American countries as well as Turkey, Russia and China as significant future sources of growth. Conspicuously missing on this list is the U.S.; Benetton recently moved its U.S. headquarters from New York City to Miami, to be closer to the Latin American markets it's targeting. (Read "India: Hey, Big Spenders...
...Detroit needs a marshall plan. A directive should be given to a group of architects and environmentalists to resurrect the city. Detroit's recovery would also provide a model for other American cities. Charlotte Fauth, Indian Wells, Calif...
...adviser on agriculture and rural development at the World Bank in Washington. In a July report, a committee of British parliamentarians called on their government to invest in agricultural research and encourage local farmers to grow more fruit and other produce. The U.S., which traditionally provisioned food aid from American grain surpluses to help needy nations, is moving toward investing in farm sectors around the globe to boost productivity. "If we can help countries become more productive for themselves, then they will be in a better position to feed their own people," U.S. Secretary of Agriculture Tom Vilsack said...