Starbucks Opens in Bangalore Mall Locations

[retailmantra]

Tata Starbucks, the 50/50 joint venture (JV) between Tata Global Beverages and Starbucks Coffee Company has expanded its presence by opening two new stores in Bangalore. The two stores are located at Phoenix Market City and Brigade Orion Mall.

The company had launched its first store in Bangalore city at Koramangala in November 2013. Starbucks entered the Indian market in October 2012 and currently operates 34 stores in India across Mumbai, Delhi NCR, Pune and Bangalore.

Tata Global Beverages, formerly known as Tata Tea, is a multinational non-alcoholic Beverages Company headquartered in Kolkata, West Bengal, India and a subsidiary of the Tata Group. It is the world's second-largest manufacturer and distributor of tea. Tata Global Beverages markets tea under the major brands Tata Tea, Tetley, Good Earth Teas and JEMCA.

[indiaretailing1]

Starbucks, world’s leading coffee retail chain, has submitted a revised application to the Foreign Investment Promotion Board (FIPB), for entering India. Previous attempt by the company to enter India was stalled by FIPB. The company, in the new application has applied for permission to operate single-brand outlets in India.

Starbucks had originally planned to own 51 per cent of its Indian venture. Kishore Biyani-promoted Pantaloons and VP Sharma, head of its Indonesian franchise were partnering with Starbucks. FIPB had reservations about shares held by Sharma in the venture. In its revised application the company has proposed to operate under a reorganised entity.