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Starbucks 'fully committed' to Indian market: Tata Starbucks

Starbucks 'fully committed' to Indian market: Tata Starbucks

Sat, Dec 21, 2024

Tata Starbucks, is a 50:50 joint venture between Tata group FMCG arm Tata Consumer Products Ltd (TCPL) and US-based Starbucks Corporation, which operates a cafe chain in India under the brand name of Starbucks.

Tata Consumer Products denies reports on exit of Starbucks from India

Tata Consumer Products denies reports on exit of Starbucks from India

Thu, Dec 19, 2024

Tata Consumer Products Ltd (TCPL) on Thursday denied reports on the exit of cafe chain Starbucks from the Indian market, terming them as "baseless". Tata in a 50:50 joint venture with US-based Starbucks Corporation operates a cafe chain in India under the brand name of Starbucks, which is the leading cafe chain in India.

Starbucks’ New CEO Announces 4 Major Changes To Enhance Overall Experience

Starbucks’ New CEO Announces 4 Major Changes To Enhance Overall Experience

Mon, Sep 16, 2024

Starbucks CEO Brian Niccol believes that the beloved coffee chain's future is deeply rooted in its past. In an open letter to employees and customers during his first week, Niccol shared his vision for creating community-focused spaces with comfortable seating to enhance connection.

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Starbucks founder Schultz says company needs to refocus on coffee as sales struggle

Starbucks founder Schultz says company needs to refocus on coffee as sales struggle

Mon, May 06, 2024

In his post, Schultz said senior leaders – including board members – need to spend more time talking to baristas in the company’s stores.“I have emphasized that the company’s fix needs to begin at home: U.S. operations are the primary reason for the company’s fall from grace,” he said.

Tata Starbucks aims to expand presence to 1,000 stores in India by 2028, enter tier-2/3 cities

Tata Starbucks aims to expand presence to 1,000 stores in India by 2028, enter tier-2/3 cities

Tue, Jan 09, 2024

With the aim to take the overall presence to 1,000 stores by 2028, Tata Starbucks will double its workforce to 8,600 employees, it said. The JV plans to enter Tier 2 and 3 Indian cities, expand drive-thrus, airports and its 24-hour store footprint, the statement said.

Labor group nominates three candidates for Starbucks board seats

Labor group nominates three candidates for Starbucks board seats

Wed, Nov 22, 2023

The union represents more than 9,000 Starbucks employees at about 360 U.S. stores. It is affiliated to Service Employees International Union, which is part of SOC, a shareholder at Starbucks.

Tata Starbucks achieves record sales in FY23, crosses Rs 1,000 crore mark

Tata Starbucks achieves record sales in FY23, crosses Rs 1,000 crore mark

Wed, Apr 26, 2023

Tata Starbucks, one of the leading coffee chains in India, achieved a significant milestone in FY23, with over Rs 1,000 crore in sales and a 71% increase from FY22.

Tata Starbucks opens 1st Reserve store in India in THIS city

Tata Starbucks opens 1st Reserve store in India in THIS city

Tue, Oct 18, 2022

Tata Starbucks, which currently operates 300 stores across 36 cities in India and is an arm of Tata Consumer Products, has added 32 stores in 14 cities this year so far, atop 50 stores added last fiscal.

Laxman Narasimhan: Meet the Indian-origin Starbucks CEO

Laxman Narasimhan: Meet the Indian-origin Starbucks CEO

Fri, Sep 02, 2022

Narasimhan, currently in London, will be relocating to the Seattle area and will work closely with Howard Schultz, the interim CEO, before assuming the leadership role and joining the Board on April 1, 2023. Narasimhan brings nearly 30 years of experience leading and advising global consumer-facing brands.

Starbucks, Coca-Cola, Adidas to Walt Disney - Facebook ad boycott gets bigger

Starbucks, Coca-Cola, Adidas to Walt Disney - Facebook ad boycott gets bigger

Tue, Jul 21, 2020

A long list of companies have pulled advertising from Facebook Inc in support of a campaign that called out the social media giant for not doing enough to stop hate speech on its platforms.

Starbucks joins over 100 brands in pausing ads on Facebook

Starbucks joins over 100 brands in pausing ads on Facebook

Mon, Jun 29, 2020

Alarmed at the rate at which advertisers are pull out of its platform, Facebook CEO Mark Zuckerberg on Saturday announced the social network will put warning labels on all posts that break its rules but are deemed newsworthy.

Starbucks opens ''silent cafe'' in China''s Guangzhou

Starbucks opens ''silent cafe'' in China''s Guangzhou

Mon, May 20, 2019

The shop has a specially-designed ordering system that allows people to place orders without saying a word.

Tata Starbucks posts 30 pc sales growth in FY'19

Tata Starbucks posts 30 pc sales growth in FY'19

Fri, Apr 26, 2019

Tata Starbucks revenue for the 2018-19, is expected to be around Rs 450 crore.

Starbucks sets up $100 million fund to invest in food and retail startups

Starbucks sets up $100 million fund to invest in food and retail startups

Thu, Mar 21, 2019

Starbucks Corp is investing $100 million in a newly created fund that will be managed by Tesla Inc investor Valor Equity Partners to promote companies developing new tech for the food industry.

Starbucks sales growth to be steady despite UberEats deal, plans for China expansion

Starbucks sales growth to be steady despite UberEats deal, plans for China expansion

Fri, Dec 14, 2018

Starbucks Corp said on Thursday it was partnering with UberEats for delivery from about 3,500 U.S. stores and would nearly double its outlets in China over the next four years, but forecast that same-store sales would remain steady, sending shares down 3 percent.

Coca-Cola takes big step into coffee with $5.1 billion Costa deal

Coca-Cola takes big step into coffee with $5.1 billion Costa deal

Fri, Aug 31, 2018

"Hot beverages is one of the few segments of the total beverage landscape where Coca-Cola does not have a global brand," Coca-Cola CEO James Quincey said. "Costa gives us access to this market with a strong coffee platform."

Starbucks ties up with Alibaba for China coffee delivery to revive sales

Starbucks ties up with Alibaba for China coffee delivery to revive sales

Thu, Aug 02, 2018

Starbucks Corp is partnering with Alibaba to deliver its coffee in Chinese cities, betting the move will revive sales growth in its second-largest market that is witnessing aggressive competition from local coffee start-ups.

Starbucks' departing chairman Howard Schultz backs China prospects, hints at Jack Ma tie-up

Starbucks' departing chairman Howard Schultz backs China prospects, hints at Jack Ma tie-up

Mon, Jul 09, 2018

Starbucks said last month China same-store sales would be flat to slightly negative in its second-biggest market in April-June, versus 7 percent growth a year earlier, triggering a sharp drop in the chain`s share price.

Starbucks' departing chairman backs China prospects, hints at Jack Ma tie-up

Starbucks' departing chairman backs China prospects, hints at Jack Ma tie-up

Mon, Jul 09, 2018

Starbucks Corp`s outgoing Executive Chairman Howard Schultz said on Monday that a recent slowdown in China would be short-lived, seeking to salve investor concerns that the U.S. coffee chain is under pressure in the fast-growing market.

Starbucks shuts 8,000 stores for anti-bias training

Starbucks shuts 8,000 stores for anti-bias training

Wed, May 30, 2018

Black leaders who are advising Starbucks Corp on its anti-bias training program, which begins Tuesday, hope it will reinvigorate decades-old efforts to ensure minorities get equal treatment in restaurants and stores, setting an example for other corporations.

Starbucks to close over 8,000 stores across US today to conduct anti-bias training

Starbucks to close over 8,000 stores across US today to conduct anti-bias training

Tue, May 29, 2018

According to a video previewing the Starbucks training, there will be recorded remarks from Starbucks executives and rapper/activist Common. From there, employees will "move into a real and honest exploration of bias" where, in small groups, they can share how the issue comes up in their daily work life. Starbucks has described it as a "collaborative and engaging experience for store partners to learn together."

Nestle to pay $7.15 billion to Starbucks in coffee tie-up

Nestle to pay $7.15 billion to Starbucks in coffee tie-up

Mon, May 07, 2018

Nestle will pay Starbucks $7.15 billion as part of a global coffee alliance in which the Swiss-based food giant is getting the rights to market the U.S. coffee company`s products around the world outside Starbucks` coffee shops.

Starbucks racial bias row: Will closing 8000 stores on May 29 fix the issue?

Starbucks racial bias row: Will closing 8000 stores on May 29 fix the issue?

Thu, Apr 19, 2018

Following this incident, the US coffee chain apologized on Twitter by saying, “We regret that our practices and training led to the reprehensible outcome at our Philadelphia store.” Further, it added, “We’re taking immediate action to learn from this and be better.” Starbucks CEO Kevin Johnson, who expressed his regret about the incident, reportedly said, “I’ve spent the last few days in Philadelphia with my leadership team listening to the community, learning what we did wrong and the steps we need to take to fix it.”

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