SEARCH
« Is Freddie Mac Betting Against Homeowners? | Main | Personal Incomes Shot Up in December; Consumer Spending Fell Flat »
Monday
Jan302012

Starbucks Bringing Coffee Shops to India

Starbucks Corporation(MUMBAI, India) -- Starbucks is heading to India.

The company announced on Monday it has teamed up with Tata Global Beverages, the second largest branded tea company in the world, to take the Seattle-based coffee chain to one of the world's most populous countries.

"We’re very pleased to have found the best partner for Starbucks in Tata -- a company that shares so many of the same values for conducting business in a way that earns the trust and respect of our customers and partners (employees)," John Culver, the president of Starbucks China and Asia Pacific, said in a statement.  "We look forward to bringing the Starbucks Experience to customers in India by offering high quality arabica coffee, handcrafted beverages, locally relevant food, and legendary service."

Along with opening new coffee shops, the joint venture will also facilitate the creation of a tea for Indian consumers.

"[T]he companies have agreed to jointly leverage assets and innovation to offer a premium tea product branded Tata Tazo," Starbucks said.

The new stores are set to open across the country later this year, with the first ones popping up in Delhi and Mumbai.

Copyright 2012 ABC News Radio

References (5)

References allow you to track sources for this article, as well as articles that were written in response to this article.
  • Response
    Response: mezomorfik
    Business and Economic News and Headlines From ABC News Radio
  • Response
    Response: traffic explosion
    Starbucks Bringing Coffee Shops to India - Business News - ABC News Radio
  • Response
    Response: money management
    Starbucks Bringing Coffee Shops to India - Business News - ABC News Radio
  • Response
    Starbucks Bringing Coffee Shops to India - Business News - ABC News Radio
  • Response
    Starbucks Bringing Coffee Shops to India - Business News - ABC News Radio

Reader Comments

There are no comments for this journal entry. To create a new comment, use the form below.

PostPost a New Comment

Enter your information below to add a new comment.

My response is on my own website »
Author Email (optional):
Author URL (optional):
Post:
 
Some HTML allowed: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <code> <em> <i> <strike> <strong>






ABC News Radio