Is Ratan Tata owner of Starbucks ?

TeknikalRaman

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POSTED BY: Ranjeet Kumar PUBLISHED: Jun 26 22

Tata Starbucks Private Limited, formerly it was known as Tata Starbucks Limited.

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Tata Consumer Products and Starbucks Corporation are equal owners of the joint venture business Tata Starbucks Limited.

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Despite a false start in 2007 in January 2012 Starbucks finally announced a 50:50 joint venture with Tata Global Beverages, called Tata Starbucks Ltd.

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On 19 October 2012, Starbucks opened its first store in India, measuring 4,500 sq ft in Elphinstone Building, Mumbai.

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In 2013 Tata Global Beverages announced that they would have 50 locations by the end of the year, with an investment of ₹4 billion.

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Koregaon Park, Pune was the 3rd city of India to get a Starbucks outlet on 8 September 2013.

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Starbucks opened the largest coffee-forward store of 3,000 sq ft in the country at Vittal Mallya Road, Bangalore on 18 March 2019.

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Starbucks announced its entry into the Gujarat market on 7 August 2019.  The company simultaneously opened five stores in Surat and Ahmedabad the next day.

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To learn more about 8 Hidden Tata Group. SWIPE UP to read.

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