FYI

Starbucks opens 75th coffee shop in three years in India, its fastest growing market globally

Starbucks has announced the opening of its 75th store in India, the coffee chain’s fastest growing market.

The coffee shop is located in the busy Bandra district of the commercial capital, Mumbai.

The Seattle-based global brand, through a joint venture with Tata, has opened 75 stores in six cities in under three years.

Starbucks India

The announcement:

MUMBAI; July 23, 2015: Tata Starbucks Private Limited, the 50/50 joint venture between Starbucks Coffee Company (Nasdaq: SBUX) and Tata Global Beverages Limited, celebrates the opening of the 75th Starbucks store in India. The store located in Mumbai at Bandra, also marks the opening of the 27th store in the city and the 3rd in the buzzing locality of Bandra and Santacruz. With 75 stores now operational across 6 cities, Tata Starbucks Private Limited continues to grow in the market with a commitment to offer the unique Starbucks Experience, unparalleled service, handcrafted beverages, and extensive food offerings to coffee lovers across the country.

Marking this occasion, Avani Davda, CEO, Tata Starbucks Private Limited, said, “We are thrilled to celebrate the opening of our 75th store in India and extend our unique Starbucks Experience to coffee lovers across six cities. Continuing our thoughtful expansion in this market with our 27th store in Mumbai, we remain committed to growing our business with a steady focus on our partners – who are at the heart of our business and contribute greatly to our success. We have been overwhelmed by the way our customers have embraced us and we look forward to welcoming our customers at the new store. As we grow from strength to strength, we are committed to exceeding the expectations of our customers and those of our partners.”

Strategically located in the heart of Bandra, the store celebrates a coffee story that is woven throughout the store from the messages on stair riser to the hand painted coffee region map on the focal wall. The two storied outlet has been designed to reflect the rich historical architecture of the city and the interiors of the store embrace and celebrate the local culture with the use of displayed antiques. There is an artistic impression of the Bandra Worli Sea link celebrating the city. The elevations in the exterior of the store are attractively designed with Corten steel giving the store a warm, rustic feel. The wood-stamped concrete walls, ornamental glass lightings and decorative wood planking are inspired by the local arts and architecture of the region. The latest store in Bandra is located off Linking Road in Bandra West.

Delivering on its promise of being the Third Place for customers, the store will offer an extensive range of Starbucks® signature espresso-based beverages and an extensive food menu comprising Indian and International favourites’.

Starbucks entered the Indian market in October 2012 and currently operates 75 stores in India across Mumbai, Delhi NCR, Pune, Bengaluru and Chennai, through a network of 1000 passionate partners. Starbucks® stores are operated by the joint venture, Tata Starbucks Limited, and branded as Starbucks Coffee – “A Tata Alliance”.

Source: press release

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