STARBUCKS TO ADD AROUND 10 STORES IN THE NEXT 2 MONTHS
: 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.
Total count will go up to 145 outlets.