-10.45 (-0.88%) Tata Starbucks, the 50/50 joint venture between Tata Global Beverages and Starbucks Coffee, has inaugurated its outlet in Hyderabad. The store happens to be the 58th Starbucks store across six Indian cities in less than two years of the brand’s launch in India. The store would also offer a wide range of Starbucks merchandise, besides free Wi-Fi. Moreover, the company is planning to open another store in Hyderabad at Forum Mall.
The opening of the flagship store in Hyderabad is consistent with the company’s long-term growth strategy to strengthen its presence in southern India and bring the Starbucks experience to more neighbourhoods around the country.
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.