Nestle and CMR to invest US$45 million in new cafeterias
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Nestle and CMR, a restaurant operator, are teaming up to invest over US$45 million to open nearly 150 locations of the brand Nescafe in Mexico. The Companies' expansion plan is going to be completed over a 5 to 8 years period. Once the outlined shops have been opened, the plan is to sell roughly 40,000 coffee cups daily. These shops, in addition to offer Nestle coffee, will also carry snacks, freshly baked bread and fresh juice.