New Delhi: Encouraged by the "tremendous response", Starbucks Coffee is planning to expand to more locations to tap the full potential of the vast Indian market where the coffee shop industry is growing at a fast clip.
"Till now, we have had a tremendous response to all our outlets in Mumbai and Delhi. We will go where we find customer demand," Avani Davda, chief executive of Tata Starbucks, a joint venture (JV) between Starbucks Coffee Company of the US and India's Tata Group said in an interview.
Davda said customers had appreciated the entry price point of the offerings of the firm and it was looking at the market potential of various regions across the country.
"We see a lot of potential...It's a country of over a billion people. You cannot gauge how much demand there is and will be," the 33-year-old chief executive said, adding that data on India's retail coffee industry is still in the nascent stage....
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02:30 PM, Apr 07, 2013
Starbucks made quite a dramatic entry in the heart of the capital. With queues running up to quite a few hundred metres, the zeal for the world's most popular coffee never seemed to fade off their faces. ...
08:24 PM, Feb 07, 2013
US-based coffee chain Starbucks on Wednesday said India will become one of its top five global markets in the long-term and will continue to expand aggressively here. The company, which has missed its target of opening 50 outlets in the country by 2012 at an investment of Rs 400 crore, however, remained non-committal on by when it would be able reach the milestone. ...
10:30 PM, Feb 06, 2013
The stores are located in Domestic Terminal's Gate 27 and International Terminal's Gate 15. ...
02:47 PM, Jan 24, 2013
Yokohama, Japan: Millionaire Chelsea players Petr Cech and Paulo Ferreira popped into a Starbucks for coffee after training at the Club World Cup in Japan on Tuesday and were mobbed as they waited in line. Defender Ferreira purchased a 'Yokohama Starbucks' coffee mug as a souvenir but goalkeeper Cech opted to save his money as dozens of fans in Chelsea shirts swarmed around them. Picking up a small size coffee,...
06:25 PM, Dec 11, 2012
London: UK lawmakers will quiz executives of Starbucks, Google and Amazon on Monday about how they have managed to pay only small amounts of tax in Britain while racking up billions of dollars worth of sales here. The Public Accounts Committee (PAC), which is charged with monitoring government financial affairs, has invited the companies to give evidence amid mounting public and political concern about tax avoidance by big international companies....
12:13 PM, Nov 12, 2012
Mumbai: Starbucks inaugurated its first store in India on Friday in a historic building in southern Mumbai as the Seattle-based coffee giant seeks growth in a market long associated with tea drinkers. "It is perhaps the most elegant, beautiful, dynamic store we've opened in our history," chief executive Howard Schultz said in an interview. After over six years of studying the local market, Starbucks is making a rapid-fire entry into...
05:55 PM, Oct 19, 2012
Mumbai: Starbucks Corp will open its first coffee shop in India by the end of October, 2012, John Culver, President, China and Asia Pacific, said on Friday, in the latest delay to a much-hampered entry into the country. Starbucks had initially planned to have its first cafes in India open by mid-2011 but was delayed by difficulties in acquiring real estate and high land costs. It said in January that...
12:41 PM, Sep 28, 2012
Washington: Amid growing political opposition in India for easing of foreign investment norms in retail and other sectors, US-based companies like Wal-Mart and Prudential Financial are lobbying hard with their own lawmakers in Washington to garner support for their Indian business expansion plans. As per their latest lobbying disclosure reports filed with the House of Representatives and the Senate, the US-based companies and industry groups spent millions of dollars since...
03:46 PM, Jul 29, 2012
Beijing: US cafe giant Starbucks' Chinese subsidiary has admitted that it used a bug-based red dye in a few food products in their cafes in China, days after announcing plans to stop using the insect extract following an online campaign. The world's largest coffee-shop chain had said earlier this week that it plans to stop using an extract made of dried insects to colour some Frappuccinos and pastries and the...
10:20 PM, Apr 23, 2012
Mumbai: Shares of Tata Global Beverages surged 6 per cent on Tuesday morning as investors gave a thumbs up to its joint venture with Starbucks Coffee Co to set up cafes in India. On Monday, the Tata group company, which owns Tetley Tea and Eight O'Clock Coffee among many other brands, had signed a 50-50 JV deal with Starbucks, the world's largest coffee retailer. The two companies will initially invest...
12:51 PM, Jan 31, 2012
Starbucks Corp said it will open its first outlets in India in August or September and plans to have 50 stores in operation by the end of the year in a joint venture deal with Tata Global Beverages. The formal launch of the company's retail foray into India comes a year after it signed a deal with Tata Global to buy coffee from India and open retail outlets in the...
06:25 PM, Jan 30, 2012
1. The New Brew in Town For those who take their cup of caffeine seriously, there's good news. Starbucks, the world's biggest coffee brand, is likely to make its Indian debut in the first half of 2012. A formal announcement of their retail JV with Tata Coffee is likely next month and those in the know say a search for the country head is underway and an appointment is imminent....
03:23 PM, Jan 04, 2012
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Thanks Ratan Tata! Starbucks in India is long, long, long overdue, I thought, while sipping my Starbucks and reading the morning paper. We were being ...
03:46 PM, Oct 11, 2011
New Delhi: American coffee retail giant Starbucks is lobbying hard with lawmakers and government officials in the US to facilitate its entry into the highly lucrative Indian market. Starbucks, which runs the world's largest coffee shop chain and enjoys cult status among coffee lovers, has been trying to enter India for many years, but has been unsuccessful in its efforts so far. The company has been very active in lobbying...
01:47 PM, Oct 10, 2011
Earlier we had reported that Starbucks is finally arriving in India. The Twitter handle which had sent the following tweet (Starbucks_India), "Its great to finally be in India! Looking forward to serving some good old #Starbucks coffee. You a fan?" has now been removed. We regret the error and apologise for the same. As of now there is no specific date as to when the coffee chain will serve up...
07:39 PM, May 12, 2011
Critics Choice Awards Music maestro AR Rahman won the Best Original Song award at the 16th Critics' Choice Movie awards. The 45-year-old music mogul won the award for the song "If I Rise" for Danny Boyle's film "127 Hours", a collaboration between Rahman and pop star Dido. The Critics' Choice Movie Awards are bestowed annually by the Broadcast Film Critics Association (BFCA) to honour the finest in cinematic achievement. Sabarimala...
12:40 PM, Jan 15, 2011
New Zodiac Ophiuchus If the star doctors are to be believed, there is a new Zodiac sign jostling for space with its 12 more popular brothers in the astrological chart. Say hello to Ophiuchus, Zodiac No. 13. Ophiuchus is a rarely used astrological sign that is not included in most versions of the Zodiac calendars. It is also known as 'Serpentarius' with its dates falling between November 29 and December...
11:30 AM, Jan 14, 2011
Mumbai: Starbucks Corp, the world's largest coffee chain, has signed a pact with India's Tata Coffee Ltd to explore the possibility of opening retail stores in India, the two companies said in a statement. The agreement, which also allows Starbucks to source beans from Tata's plant in southern India, will be Starbucks' first step to entering Asia's third-largest economy, Starbucks Chief Executive Howard Schultz said in the statement. The two...
07:16 PM, Jan 13, 2011
