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: 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
