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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This story is from the May 26, 2023 edition of Financial Express Mumbai.
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