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Tata faces pressure in Starbucks JV as consumers cut back
Mint Mumbai
|December 17, 2024
Tata Consumer Products will push back plans for some new Starbucks store openings until later in its existing schedule as fewer customers are walking into its cafes in the world's most populous country, its top boss said on Monday.
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"We will calibrate for the short term—maybe instead of opening 100, we will open 80 now, and next year we will open 120 instead of 100," Tata Consumer chief executive Sunil D'Souza said, adding that Tata Starbucks is still focused on reachi
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