Market Chatter: Tata Starbucks Plans to Open Up to 100 New India Shops a Year

MT Newswires Live06-18

Starbucks' (SBUX) India joint venture plans to launch 50 to 100 new shops a year across the country, Bloomberg reported Thursday, citing a television interview with a company executive.

Sushant Dash, chief executive of Tata Starbucks, a joint venture between Starbucks and India's Tata, said the company currently holds a 30% market share, the report said.

Tata Starbucks did not immediatey reply to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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