Information ,as follows, put out on the News Wires
in the past half hour indicates the possible schedule for the formal announcement of STARBUCKS' India entry in alliance with TATA COFFEE (which we are all aware of). This could keep the scrip on the boil on the Bourses.
Starbucks Corp ,
the world's largest coffee company, is finalising its retail partnership with
Tata Coffee Ltd
and hopes to announce the deal by the end of this month, a senior official of
the Indian company said on Thursday.
In early 2011, the Seattle-based company signed a pact with the Tata group
firm to buy coffee from India and explore opening retail stores in the
country.
"We are close to finalising it and are working on the final details. We hope
to make an announcement very soon," MD Kumar, chief financial officer of Tata
Coffee told Reuters.
Tata Coffee plans to open a Starbucks coffee shop by the end of this year,
Managing Director Hameed Huq told reporters on the sidelines of the
International Coffee Festival in Delhi earlier in the day.
No comments:
Post a Comment