Bullish on India, Britain's Costa Coffee on Wednesday said it plans to open 290 outlets in the next four years in the country at an investment of Rs 150 crore (Rs 1.5 billion). \n
Leading British cafe chain Costa Coffee, a part of the £1.8 billion Whitbread Plc, has entered into a joint venture with the RKJ Group for opening 300 outlets in India over the next six years with an investment of Rs 150 crore
Coffee prices are at a 14-year high, sugar and milk costs are soaring, having a direct impact on margins.
Thousands of athletes and staff roamed the Olympic village freely, mingling at cafes and swapping souvenir pins.
India has been a tea sipping society. But the aromatic wave of coffee culture is wafting across it.
Champions Chelsea beat 9-man Arsenal 2-0 in a heated match at Stamford Bridge last week but a coffee brand had to bear the brunt of angry Arsenal supporters.
The coffee chains plan to stick to their pricing and present business strategy.
When Amit Jatia, vice-chairman of Westlife Development (WLDL), which operates fast-food chain McDonald's in West and South India, wanted to become the American fast-food giant's local partner in 1995, he had to first convince his family he would remain a staunch vegetarian. As McDonald's - home of the iconic Big Mac - completes 25 years in India, being one of the largest operators in the quick-service restaurant (QSR) segment in the country with over 300 outlets, Jatia has held on to the promise he made to his family. Not one to sit back and watch anyone flip the Big Mac, he gets straight to the meat of the matter when he says McDonald's success menu will see the QSR expand its ever-hungry 'foodprint' by doubling the number of joints and increasing its average unit volume by 35-40 per cent in five years.
Next week, Coffee World, a gourmet coffee chain launched by Global Franchise Architects (the promoter of Pizza Corner India) in Thailand, will open its first outlet in Bangalore.
'We were taking the Starbucks experience from the store to the home.'
Indian coffee shops market over the next four-five years will grow between 6 and 18 per cent CAGR, all due to the growing coffee culture among the youth, increasing urbanisation, rising disposable income levels and changing eating and drinking preferences, says Atanu Biswas.
PepsiCo has tie-ups with KFC, Pizza Hut, Domino's, Burger King, and Subway in India, while Coca-Cola has a partnership with McDonald's only
Paytm recently partnered with 1,000 educational institutions over admission fee payment through the app.
Siddhartha many customers who grew up on coffee and conversations at his cafes mourned his death and disagreed that he had failed. Some said it was the place they first thought of their 'big idea'.
Coffee Day Enterprises Ltd is backed by KKR & Co.
Apple Pay will be available in 250,000 locations across the UK.
Twenty-five years on, Coca-Cola is involved in a new search. Arnab Dutta reports.
Faced with a clutter of coffee houses and cafes that also serve the brew, the chain that has 119 stores in seven cities in India is looking at ways to differentiate its brand from the rest.
He has drawn fresh strategies to take his businesses to the next level.
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