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Tata Starbucks will emerge stronger from Covid-19, will expand: TCPL MD

Tata Starbucks will increase the number of coffee outlets across India and the business will emerge “much stronger” from the…

By Admin , in Covid-19 News India , at August 26, 2020

Tata Starbucks will increase the number of coffee outlets across India and the business will emerge “much stronger” from the coronavirus pandemic as consumers gravitate towards more trusted brands, according to Tata Consumer Products Ltd (TCPL).
A 50:50 joint venture between TCPL and Starbucks Corporation, Tata Starbucks, has so far reopened around 60 per cent of its stores in India after the lifting of lockdown even as it opened two stores- one in Delhi and one in Mumbai – operated entirely by women, as part of its commitment to create more opportunities for women and empower them.
“Tata Starbucks is a business on a very strong footing, having delivered very strong growth and great financial improvement year on the year prior to the disruptions due to COVID-19, and we remain focused on expanding its presence further,” TCPL Managing Director & CEO Sunil D’Souza told PTI.
“While the business has been impacted by COVID, around 60 per cent of stores have now reopened. Alternative …

Source: Tata Starbucks will emerge stronger from Covid-19, will expand: TCPL MD

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