Nestle Starbucks

FMCG market stabilising now, Narayanan tells shareholders during company's AGM

Despite India being a predominantly tea-drinking nation, coffee consumption is rising, especially in urban areas

In the Asia Pacific, Starbucks has 142 Reserve stores

Bigger coffee makers like Nestle and Starbucks have more capacity to survive the closures than smaller, specialty producers, according to James Watson, a senior beverage analyst

The deal might have an effect on the partnership between Starbucks and Tata Global Beverages