Starbucks Opens First Store in India's Capital
Starbucks on Wednesday launched its first store in India's capital of New Delhi.
Operated through Tata Starbucks Limited, a 50/50 joint venture between the American company and a unit of local drinks concern Tata Global Beverages, the store is located in the colonial-era Connaught Place. It is 3,500 square feet in size and staffed with nearly 40 employees, according to reports.
This store is the seventh Starbucks in the country. The company opened its first Indian outlet in Mumbai last October, following with an additional three in that city and two in New Delhi's airport (which is technically located outside of the municipality proper). All Starbucks in India are operated through the joint venture with Tata.
The article Starbucks Opens First Store in India's Capital originally appeared on Fool.com.Fool contributor Eric Volkman has no position in Starbucks. The Motley Fool recommends Starbucks. The Motley Fool owns shares of Starbucks. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.