tata starbucks

2020The Indian Express [P] Ltd. All Rights ReservedTata Starbucks operates 191 stores across 12 cities in the country. (Image: Reuters)Tata Starbucks will emerge stronger from COVID-19 to expand presence TCPL MD & CEO

Business Standard is happy to inform you of the launch of "Business Standard Premium Services"As a premium subscriber you get an across device unfettered access to a range of services which include:Welcome to the premium services of Business Standard brought to you courtesy FIS. 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. Tata Starbucks operates 191 stores across 12 cities in the country and employs over 2,000 people. "We also remain focused on continuing to build equity with our customer base, engaging them through the digital media, including hosting virtual coffee tasting competitions, running virtual challenges etc and remain confident that the business will emerge much stronger from this pandemic, especially as consumers gravitate to more trusted brands," he said.

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Alternative channels such as delivery and takeaway have been strengthened to serve consumers effectively.”D’Souza said the coffee chain will only emerge stronger from the health crisis as it focuses on strengthening relationship with its customers.“We also remain focused on continuing to build equity with our customer base, engaging them through the digital media, including hosting virtual coffee tasting competitions, running virtual challenges etc and remain confident that the business will emerge much stronger from this pandemic, especially as consumers gravitate to more trusted brands,” he said.Tata Starbucks operates 191 stores across 12 cities in the country and employs over 2,000 people.Last fiscal, TCPL had invested Rs 53 crore in the JV, taking the total investment to Rs 288.80 crore and added 39 new stores.“Our joint venture with Starbucks Corporation reflected a growth of 21 per cent for the year due to sales growth in stores coupled with store expansion,” TCPL had said in its annual report for 2019-20.This month, Tata Starbucks had announced, two of its stores to be operated entirely by the women staffs, as part of its ongoing commitment to promote an inclusive and diverse workforce by empowering women leaders.Tata Starbucks has also launched its first drive-thru store in India at the Ambala Chandigarh Expressway in Zirakpur.Alert for Pensioners!

This month, Tata Starbucks had announced, two of its stores to be operated entirely by the women staffs, as part of its ongoing commitment to promote an inclusive and diverse workforce.

"Our joint venture with Starbucks Corporation reflected a growth of 21 per cent for the year due to sales growth in stores coupled with store expansion," TCPL had said in its annual report for 2019-20. Tata Starbucks has also launched its first drive-thru store in India at the Ambala Chandigarh Expressway in Zirkapur. Here's why it may not20-year old Hyderabad boy breaks Shakuntala Devi's record; becomes fastest human calculatorUnlock 4.0 guidelines announced: Here's what will open, and what will remain shut till September 30Mukesh Ambani buys Big Bazaar: Future Group's retail, wholesale, logistic biz sold to Reliance RetailAmul becomes first Indian dairy company to be in Rabobank's Global Top 20 list; Nestle leadsPlan to bring corona vaccine to all Indians is ready; 3 vaccines are currently in testing phase: PMTorrent: Cut to ‘reduce’, revise fair value to Rs 2,350 a shareBudget 2020 hasn't violated fiscal discipline: FM SitharamanBudget 2020 was disappointing for lacking vision; but fiscal, taxation measures welcome: EAC-PM member Ashima GoyalBudget 2020: FM Nirmala Sitharaman says govt willing to do more beyond Union Budget to boost growthBudget 2020: FM says green shoots of recovery visible, points at worse macro-economic fundamentals under UPA Budget and the economy: What can we expect after this Budget?Budget 2020: FM Sitharaman takes on P Chidambaram over defence budget allocationBudget 2020 proposals on DDT, personal tax not to impact MF industry: Franklin TempletonBudget 2020: Chidambaram slams Modi govt; says economy close to collapse, unemployment making India poorerCopyright ©

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.

"While the business has been impacted by COVID, around 60 per cent of stores have now reopened. )Copyrights © 2020 Business Standard Private Ltd. All rights reserved.

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