Tatas, Starbucks sign formal pact for opening cafe chain in India

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MUMBAI: Global coffee chain Starbucks will soon be making its way to India with Tata Global Beverages formally announcing a joint venture pact with the US-based company on Monday.

"The company has entered into a joint venture with Starbucks group whereby the newly- formed joint venture company Tata Starbucks Limited shall engage in the operation of Starbucks Cafes," Tata Global Beverages said in a regulatory filing.

Both parties had announced their intent to start Starbucks-branded cafes in India last year.

Source: Times of India
http://timesofindia.indiatimes.com/articleshow/11687650.cms

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