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Tim Hortons, Starbucks set for a faceoff
Financial Express Mumbai
|May 26, 2023
IN A LANE off the popular Linking Road in Bandra, Mumbai, Canada's largest coffee chain Tim Hortons has set up its first Mumbai outlet, after launching 15 stores in the Delhi-NCR region over the last six-eight months as well as outlets in cities like Chandigarh and Ludhiana.
The catch? The Mumbai outlet of Tim Hortons is vying for customers on the same street as its nearest competitor, Starbucks.
India's ₹5,000-crore coffee retail market is set for an interesting battle as two of the world's biggest coffee retail chains-Tim Hortons and Starbucks - come face to face.
Tim Hortons India CEO Tarun Jain says the company is targeting 120 stores in the next three years and on its radar are metros, mini-metros and satellite cities.
The company has earmarked an investment of ₹300 crore to expand its footprint in the country and could even exceed its 120-store number as the market evolves, retail industry sources said.
This story is from the May 26, 2023 edition of Financial Express Mumbai.
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