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Prestige Pushes Starbucks in Guyana Amid Profit Drop | Guyana News
Prestige Holdings, behind KFC and Pizza Hut, is boldly expanding Starbucks in Guyana despite a 45.7% profit plunge—blaming soaring costs like higher suppliers, insurance, and currency woes. Sales rose slightly, but expenses crushed earnings. Still, they see Guyana as vital to their regional growth, with plans for three more Starbucks by year-end. To fight rising costs, they’re tweaking supply chains, menus, and operations—hoping to turn things around. This Guyana push is part of a bigger regional strategy, including Pizza Hut in Panama and a thriving TGI Fridays in Jamaica. Listen in…
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