One of the fastest growing QSRs in India, Devyani International is reaping the benefits of restructuring of business model, leading to the company posting a profit in FY22 after a long gap. Should you invest? Watch the video to find out
Tim Hortons, a competitor of Starbucks, is targeting to open 120 company-operated stores in the country in the next three years.
The listing plans of Devyani International were first reported by Moneycontrol on February 19, 2021. The firm, which is likely to list on 16th August, 2021 is an arm of diversified conglomerate RJ Corp, the largest bottler for Pepsi Co in India and it also counts Yum! Brands, the second-largest QSR (quick-service restaurant) company in the world, and Singapore’s Temasek as investors.
Whitbread PLC, a FTSE-100 company and the owner of Costa Coffee and Premier Inn Hotels, is brewing big plans for India. In an interview to CNBC-TV18, Andy Harrison, CEO, Whitbread spoke about the company‘s expansion plans.
Undeterred by the entry of iconic US-based coffee chain Starbucks at competitive prices, entrenched players such as Cafe Coffee Day (CCD), Barista and Costa Coffee are unlikely to go in for price war, and plan to continue with differentiated pricing strategy.
Starbucks finally opened its first store in India on Friday at Horniman Circle in South Mumbai. But the key question is whether it will meet its initial expansion targets?
Nine months after it joined hands with Tata Global Beverages, Starbucks will serve its first cup in India by the end of this month. The coffee chain is looking to open 3 stores in Mumbai in November, and will be in Delhi by next year.
India's economic growth may have slowed to a near-decade low, but you wouldn't know it from the pace at which Britain's Costa Coffee and many other consumer-focused companies are expanding.
The slowdown in mall construction across the country has put retailers and food chain operators in a fix. With more than 30% of mall supply that was expected to become available in the first half of 2012 being delayed, retailers and hoteliers are seeing their expansion plans take a hit reports CNBC-TV18's Farah Bookwala.
Costa Coffee, which has been slow in expanding its India footprint, is stepping on the gas that's because the world largest coffee chain, Starbucks, is getting ready for its grand Indian debut, reports Farah Bookwala of CNBC-TV18.
Shares of Tata Global Beverages surged 6% on Tuesday morning as investors gave a thumbs up to its joint venture with Starbucks Coffee Co to set up cafes in India.