 "starbucks, coffee")
At a time when market leader Cafe Coffee Day's future hangs in the balance following its founder V G Siddhartha's death, its peer Tata Starbucks Pvt Ltd is bullish about the coffee chain industry and its growth prospects. Starbucks is looking to open more new stores than it has in the past couple of years.
Against 25 new stores in FY18 and 30 new stores in FY19, the premium coffee chain was looking to grow "very substantially" in the current financial year, said Tata Starbucks Chief Executive Officer Navin Gurnaney. "The sky has not fallen (on the coffee industry). We
