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Starbucks To Open Two More Coffee Outlets In India

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Starbucks to open two more coffee outlets in India

Money Land Forum / Business / Starbucks to open two more coffee outlets in India (5 Posts | 110 Views)

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Starbucks to open two more coffee outlets in India by sundaysamuel381(m) : 5:00 pm On Jan 09



Starbucks intends to open 1,000 outlets in India by 2028, adding a new site every three days for the following four years as a result of the country’s rapid growth as a major economy and coffee sonsumption.

Starbucks plans to expand its personnel to 8,600 and concentrate on building coffee shops in smaller cities.

Currently, the company has a 50% joint venture with Tata Consumer Products to run 390 locations in India.

The company sells “Indian-inspired” drinks, such as masala chai and filter coffee from Southern part of India.

With a burgeoning middle class that is becoming an important market for Western businesses, India has emerged as one of Starbucks’ fastest-growing global markets.

The company hopes to have 9,000 locations in China by 2025, up from about 6,500 at the moment, despite the country’s current slump.

With its $200 million investment in a new campus in China last year, Starbucks made the biggest investment for a coffee manufacturing and distribution facility outside of the United States.

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Re: Starbucks to open two more coffee outlets in India by Fredrick(m) : 8:47 pm On Jan 09

Okay

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Re: Starbucks to open two more coffee outlets in India by Chairman(m) : 11:27 pm On Jan 09

Nice one.

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Re: Starbucks to open two more coffee outlets in India by EstherAyinde(f) : 8:56 am On Jan 10

Good

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Re: Starbucks to open two more coffee outlets in India by MissNina(f) : 7:08 pm On Jan 10

superb growth.. more wins Starbucks

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