STAR­BUCKS TO ADD AROUND 10 STORES IN THE NEXT 2 MONTHS

Hindustan Times (Jalandhar) - - HTBUSINESS -

: Tata Star­bucks, a 50:50 joint ven­ture (JV) be­tween Tata Global Bev­er­ages (TGBL) and Star­bucks Cof­fee of the US, is plan­ning to add up to 10 new stores in the next two months, tak­ing the to­tal count to around 145 out­lets, said a top com­pany of­fi­cial. The premium cof­fee chain is in­creas­ing the num­ber of roll outs as it is getting over­all good con­sumer re­sponse, said TGBL. “We cur­rently have around 136 stores and we would open an­other be­tween 5 to 10 stores by the end of the year (fis­cal). We have seen an in­crease in the store roll out. We look at ac­ti­vat­ing more stores roll out in the next few years, what we have seen in the past,” TGBL Group chief fi­nan­cial of­fi­cer L Kr­ish­naku­mar told PTI.

BLOOMBERG

To­tal count will go up to 145 out­lets.

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