Starbucks Unveils Flagship Store in Hyderabad; Bringing the Unique Starbucks Experience and Third Place to the City

Total Page:16

File Type:pdf, Size:1020Kb

Starbucks Unveils Flagship Store in Hyderabad; Bringing the Unique Starbucks Experience and Third Place to the City Starbucks unveils flagship store in Hyderabad; bringing the unique Starbucks Experience and Third Place to the city Celebrates with a network of more than 1000 passionate Starbucks partners in India Takes the total store count in India to 58 across Mumbai, Delhi NCR, Pune, Bangalore, Chennai and Hyderabad Mumbai, September 30, 2014:Tata Starbucks Limited, a 50/50 joint venture between Starbucks Coffee Company (Nasdaq: SBUX) and Tata Global Beverages Limited, today strengthened its presence in southern India with the opening of the flagship Starbucks store at Road no.92, Jubilee Hills, Hyderabad. This flagship store is the 58th Starbucks store across six cities in less than two years of the brand launch in India. In addition to this flagship store, Starbucks will soon open another store in Hyderabad at Forum Mall. The opening of the flagship store in Hyderabad is consistent with the long-term growth strategy to strengthen the company’s presence in south India and bringing the Starbucks Experience to more neighborhoods around the country. Designed to reflect Starbucks coffee heritage, this flagship store in Hyderabad will serve as a gathering place for customers to enjoy a personalized, handcrafted cup of coffee with friends and family. Commenting on the launch in Hyderabad, Avani Davda, CEO, Tata Starbucks Limited said, “We are excited to bring the unique Starbucks Experience to Hyderabad. We look forward to offering customers our distinctive Third Place – that place between home and work where they can enjoy the highest quality arabica coffee, handcrafted Starbucks beverages and locally-relevant food in an unparalleled store environment. We believe that at the heart of this experience are our passionate and knowledgeable partners, who proudly wear the iconic Starbucks green apron every day, and are the key to our continued success.” Located at Jubilee Hills, the beautifully designed flagship store embraces the diverse history and rich culture of Hyderabad. Artistic Nizam jewelry designs layered with metallics, stringing of pearls and hexagonal shapes are weaved in throughout the store. The design elements resonate the heritage of the coffee growing regions of south India and are inspired from the city’s rich craft traditions around wood and jewelry making while complimenting the elements with highly contemporary furniture and art. The flagship store promises to create a warm and welcoming destination for the customers of Hyderabad to connect over coffee away from the office or home. Delivering on its promise of extending an elevated coffeehouse experience, the store will offer an extensive range of offerings, along with Starbucks® signature espresso-based beverages, Starbucks VIA™ Ready Brew and an extensive food menu comprising of Indian and International favorites. The store will also offer a wide range of Starbucks merchandize and free Wi-Fi so customers can enjoy the renowned community gathering place that Starbucks is known for. Starbucks recently launched the much awaited and globally-loved program – My Starbucks Rewards™ in India. This special program provides Starbucks lovers with redeemable rewards that allow them to avail their favorite Starbucks offerings through a tiered program, which add up to enhance their overall Starbucks Experience. Customers in Hyderabad can now take home the interestingly designed Starbucks cards and bag rewards as they indulge in their favorite handcrafted beverages, food or merchandise. Starbucks entered the Indian market in October 2012 and currently operates 58 stores in India across Mumbai, Delhi NCR, Pune, Bengaluru, Chennai and Hyderabad through a network of more than 1000 passionate partners. Starbucks® stores are operated by the joint venture, Tata Starbucks Limited, and branded as “Starbucks Coffee - A Tata Alliance”. - ENDS - About Starbucks Since 1971, Starbucks Coffee Company has been committed to ethically sourcing and roasting the highest-quality arabica coffee in the world. Today, with more than 17,000 stores around the globe, the company is the premier roaster and retailer of specialty coffee in the world. Through our unwavering commitment to excellence and our guiding principles, we bring the unique Starbucks Experience to life for every customer through every cup. To share in the experience, please visit us in our stores or online at www.starbucks.in About Tata Global Beverages Tata Global Beverages is a part of the global Tata Group. Tata Global Beverages is a global beverage business and the world’s second largest tea company. The group’s annual turnover is US $1.5 bn and it employs around 3000 people worldwide. The Company focuses on ‘good for you’ beverages and has a stable of innovative regional and global beverage brands , including Tata Tea, Tetley, Himalayan natural mineral water and Eight O’ Clock Coffee. For more information, please visit www.tataglobalbeverages.com For further information contact: Tata Starbucks Limited media contact: Edelman India Manali Parmar| +91 9833975722| [email protected] Isobel Spaven-Donn | +91 9167006846| [email protected] .
Recommended publications
  • Challenges in Creating and Managing an Indo-International Joint Venture Brand
    Feature By Saurabh Uboweja Challenges in creating and managing an Indo-international joint venture brand a genuine impact on the market, it must survive and thrive for a When assessing future partnerships, it is worth minimum of five to seven years. Such short-lived JVs serve to erode considering some the biggest and most popular joint confidence and trust in the success of future JVs with the same or ventures between Indian and international brands, other partners. and the challenges that they have encountered The main reasons for this trend include trust and transparency issues, differences over the JV’s future course of action and management control, and unstable economic or regulatory environments. Interestingly, trust and transparency or decisions on the JV’s future can be managed if the JV defines its brand values and India is one of the largest and fastest-growing consumer and vision upfront. It is important to build a team that believes in the JV industrial markets in the world, so it is only natural that brand from the word go. It is equally important for the JV to stick to multinationals are interested in grabbing a piece of this pie as their its brand definition in times of adversity, in order to see it through. existing markets become saturated. Equally, Indian companies However, this is easier said than done, as the focus in a JV is usually want international capabilities and to consolidate their brand on business synergies as opposed to brand synergies. Branding is presence in their own country – something which could take years an emotional subject, whereas business is a practical one.
    [Show full text]
  • Tata Consumer Products
    Equity Research INDIA June 16, 2020 BSE Sensex: 33229 Tata Consumer Products ADD ICICI Securities Limited Maintain is the author and Annual Report Analysis Rs371 distributor of this report Story through key words = ‘The platform for better’, Regional, Digital transformation, Direct delivery to consumers and Change in consumer habits. Company Update We like TCPL’s strategy to (1) focus on regional launches to gain market shares as consumer preferences change in different states, (2) leverage Tata Sampann Consumer Staples & brand to launch food products such as nutrimixes/ chilla mix, poha, and pulses Discretionary based snacks and (3) invest in digital transformation from sourcing to distribution, (4) keep closer connect with consumers as the habits/ buying pattern Target price Rs415 are likely to change and (5) enable direct delivery of products through delivery providers and e-commerce partners. We stay believers; retain ADD rating with Earnings revision (%) FY21E FY22E SoTP based target price of Rs415. Sustained improvement in return ratios (EVA Revenues 0.0 0.0 positive) is integral for long-term value creation. EBITDA 0.0 0.0 ‘The platform for better’ strategy: The annual report speaks about ’The platform PAT ↓ 2.6 ↑ 2.1 for better’ strategy. The company wants to push boundaries in all business activities to improve product quality, productivity and contribution to the people and planet. Change in spotlight from National to Regional: TCPL came out with campaigns Shareholding pattern targeting each state separately in FY20. It changed the product packaging as well as Sep Dec Mar method of communication to connect with regional consumers. Key states targeted ‘19 ‘19 ‘20 Promoters 34.5 34.5 34.7 under this strategy were UP, Delhi, Punjab and Haryana.
    [Show full text]
  • Tata Global Beverages Limited
    .,.. TATA July 17, 2018 The Secretary BSE Ltd. The Secretary National Stock Exchange Corporate Relationship Calcutta Stock of India Ltd. Dept. 1st Floor, New Exchange Asscn. Ltd. Exchange Plaza.5th floor Plot Trading Wing Rotunda 7 Lyons Range No. C/1, G Block Sandra Kurla Building, PJ Towers Kolkata 700 001 Complex Sandra (E) Dalal Street Scrip Code- Mumbai 400 051 Mumbai 400 001 10000027 (Demat) Scrip Code - TATAGLOBAL Scrip Code- 500800 27 (Physical) Dear Sirs, Sub: Annual Report 2017-18 Pursuant to Regulation 34 of SEBI (Listing Obligations and Disclosure Requirements), 2015, we are attaching a copy of Annual Report for the Financial Year 2017-18. We request you to kindly take the above on record . Thanking You, Encl.: as above TATA GLOBAL BEVERAGES LIMITED Kirloskar Business Park Block-( 3rd & 4th Floor Hebbal Bengaluru-560 024 Tel 91-80·67171200 Fax 91-80 6717 1201 Registered Office 1 Bishop lefroy Road Kolkata 700 020 Corporate Identity Number (CIN) - L1 5491 W81962PLC03142S E-mail id - [email protected] Website addren - www.tataglobalbeverages.com Annual Report 2017-18 TATA TEA 1868, A SPECIALLY CURATED RANGE OF TEAS, TO CELEBRATE 150 YEARS OF TATA GROUP, DEBUTED AT WORLD ECONOMIC FORUM 2018, DAVOS MILESTONE MOMENTS TETLEY CELEBRATES 180 YEARS TATA STARBUCKS OPENS 100TH STORE IN INDIA HIMALAYAN SPARKLING ELEVATES THE FINE-DINE EXPERIENCE JAAGO RE 2.0 SUBMITS 1.8 MILLION PETITIONS TO HRD MINISTER ON WOMEN’S SAFETY AND SPORTS CULTURE Corporate Information BOARD OF DIRECTORS Committee for Special Projects N. Chandrasekaran (w.e.f. July 3, 2017) (Chairman) V. Leeladhar (Chairman) Mallika Srinivasan (Mrs.) Ranjana Kumar (Mrs.) V.
    [Show full text]
  • The Tata Group and Starbucks Coffee Company Strengthen Global Partnership with Multiple New Commitments
    The Tata group and Starbucks Coffee Company Strengthen Global Partnership with Multiple New Commitments Starbucks Reserve® Tata Nullore Estates is the first single-origin coffee from India available to customers in the U.S., joint-venture extends the reach of Starbucks coffee and expands coffee roasting capabilities Partnership also unveils joint investment in the Tata STRIVE skills development program MUMBAI and SEATTLE; (June 27, 2016) – In a meeting at the iconic Starbucks Reserve® Roastery and Tasting Room in Seattle, Washington, chairman and chief executive officer of Starbucks Coffee Company (NASDAQ: SBUX), Howard Schultz, and chairman, Tata Sons Limited, Cyrus Mistry, announced multiple new joint initiatives last week which expand the existing Tata and Starbucks relationship and strengthen the companies’ commitment to developing the Tata-Starbucks brand and building a different kind of company in India. For the first time, Starbucks will offer a single-origin coffee from India in the U.S., giving customers from outside the country a unique opportunity to experience a rare, small-lot coffee from the Tata Nullore Estates located in the beautiful Coorg coffee growing area of India. Starbucks Reserve® Tata Nullore Estates will be the first coffee from India to be roasted at the Starbucks Reserve® Roastery and Tasting Room and will only be available at this Seattle location later this year. “These announcements build upon the incredible success and shared values between Starbucks and Tata in our partnership in India,” said Schultz. “We are humbled by the way in which customers in India have embraced Starbucks elevated coffeehouse experience, which now spans to more than 80 stores across six cities.
    [Show full text]
  • Drafting of Joint Venture Agreements Kiran M
    drafting of joint venture agreements kiran m. chitale disclaimers: 1. contents of this presentation reflect my personal views. 2. any intellectual property referred here is owned by respective owners 1 back to basics • what is joint venture? • types of joint venture • why jv ? 2 why jv ? • co-branding of • combining each enterprises others strengths • technology • better financials • sharing risks in • best practices and business experience • larger market share • regulatory reasons • eliminating like sectoral caps competition 3 key considerations maintain highest transparency if you want one, ask for two voice your expectations and concerns be honest – concede to others’ views reason for a jv have a summary of key issues assess “give and take” identify the single contact point to represent make a list of critical dates 4 jv process swot-analysis of the partners identification of area of business finding a suitable partner defining the purpose for the jv conducting initial discussions feasibility study and market survey preparing a draft business plan drafting mou 5 …jv process defining a schedule of action points drafting of joint venture agreement (jva) drafting of other related agreements/ documents initiate process for jvc incorporation nominating directors on the board drafting of memorandum and articles and other documents 6 mou/ term sheet introduction of the parties confidentiality objective of joint venture products and services to be offered by jvc basic terms of joint venture modes of funding,
    [Show full text]
  • Conglomerates: the New Trend of Expansions
    Original Research Article http://doi.org/ 10.18231/j.jmra.2020.029 Conglomerates: The new trend of expansions Ashok Panigrahi1*, Parth Mansinghka2, Piyush Gupta3 1Associate Professor, 2,3Student, 1Dept. of Technology Management, 1,2SVKM's Narsee Monjee Institute of Management Studies, Shirpur, Maharashtra, India, 3Institute of Cost Accountants of India *Corresponding Author: Ashok Panigrahi Email: [email protected] Abstract The goal for making this paper on conglomerates is to introduce the rising trend of conglomerates in big companies. This paper shall introduce what might be the reasons for Conglomerates, and their increasing trends. What are the benefits that companies enjoy being a conglomerate and what might be the disadvantages for it too? Further, the conglomerates are classified in two types, which are also explained with examples. Then we have taken examples of many companies to explain details about conglomeration. At the end there is a case study on Facebook, about how it acquired some companies and what the effects on both companies actually were, in terms of growth and benefit. Keywords: Conglomerate, Market share, MNC, Facebook, Expansion, Diversification. Introduction and holds two companies (for example companies A and B), A Conglomerate company is generally a very large and a even if company A goes in loss, there is still a chance to MNC, which consists of multiple business entities or recover losses by making profits by the B company. companies itself, which might be acquired by the parent company or might be just a subsidiary of the parent company. Capturing maximum possible market share The companies don’t start as conglomerates, they are just This is done by some companies so as to boost the profits in standalone companies at the start, i.e.
    [Show full text]
  • Starbucks in India Pradeep Gopalakrishna, Pace University
    Starbucks in India Pradeep Gopalakrishna, Pace University Rajeshwari Victor, Chennai Business School David Fleischmann, Pace University This case was prepared by the authors and is intended to be used as a basis for class discussion. The views represented here are those of the authors and do not necessarily reflect the views of the Society for Case Research. The views are based on professional judgment. Copyright © 2015 by the Society for Case Research and the authors. No part of this work may be reproduced or used in any form or by any means without the written permission of the Society for Case Research. Introduction Howard Schultz looked over the financial data. Starbucks generally preferred a strategy of premium prices, using a menu and store layout somewhat modified for local tastes. This strategy had been working well in India. However, local and foreign specialty coffee retailers were proving increasingly formidable competitors. India’s larger cities were becoming saturated. Many competitors had now turned their attention to expanding into smaller cities. India was a large, but complex market, fragmented along age, geographic, income, and demographic lines. Continued success was not certain. It was not yet clear how Starbucks should best adapt. Starbucks’ History In 1971, English teacher Jerry Baldwin, history teacher Zev Siegel, and writer Gordon Bowker, opened the original Starbucks Coffee, Tea and Spice, in Pike Place Market in Seattle (Strickland, 1999). The store began by selling scoops of freshly roasted coffee beans. The founders named their store after Starbuck, a ship captain in Herman Melville’s Moby Dick novel who drank a lot of coffee.
    [Show full text]
  • Industrial Leaders of Maharashtra
    Industrial Leaders of Maharashtra. 1: Tata group : Tata Group is an Indian multinational conglomerate manufacturer of automobiles, airplanes and other products, headquartered in Mumbai, Mharashtra, India. Founded in 1868 by Jamshedji Tata , the company gained international recognition after purchasing several global companies. It is one of the biggest and oldest industrial groups in India. Each Tata company operates independently under the guidance and supervision of its own board of directors and shareholders. Significant Tata affiliates include Tata chemicals, Tata Communications, Tata Consultancy Services , Tata Consumer Products, Tata Elxsi, Tata Motots, Tata Power, Tata steel, Jamshedhpur FC, ,Tanishq , Voltas, Tata Project Limited, Tata capital, Titan, Trent , Indian Hotels Company Limited, TajAir, Vistara, Croma and Tata Starbucks. : History: • History: At the age of 28, Jamshedji Nusseranji Tata, worked in his father's company. In 1870 with Rs.21,000 capital, he founded a trading company. Further he bought a bankrupt oil mill at Chinchpokli and converted it into a cotton mill, under the name Alexandra Mill which he sold for a profit after 2 years. In 1874, he set up another cotton mill at Nagpur named Empress Mill. He dreamed of achieving 4 goals, setting up an iron and steel company, a unique hotel, a world-class learning institution and a hydro-electric plant. During his lifetime, in 1903, the Taj Mahal Hotel at Colaba waterfront was opened making it the first hotel with electricity in India. After Jamsetji's death, his older son Dorabji Tata became the chairman in 1904. Sir Dorabji established the Tata Iron and Steel company (TISCO), now known as Tata Steel in 1907.
    [Show full text]
  • Tatabex | Print
    Six Tata companies in the retail space share best practices on commissioning of a new store Each company shared their experience and solutions deployed which served as a learning Commissioning of a new store can often present a challenging prospect. To learn from each other’s experiences, various companies in the Tata retail cluster, gathered at Trent House, Mumbai, to share their practices adopted, when creating new retail set-ups. Tata Business Excellence Group facilitated the EPIC best practice sharing programme on February 12, 2020. The gathering included delegates from Infiniti Retail (Croma), Trent (Westside), Trent Hypermarket (Star Bazaar), Titan, Tata Starbucks, and Okhai, a rural women’s collective supported by Tata Chemicals. While the Tata companies presented their best practices, members from Okhai made notes to help them when they open their first outlet for ethnic fashion, shortly. Infiniti Retail shared practices adopted by them to overcome challenges faced while: Selecting the property Setting up store design Completing and handing over the project Managing vendors Launching the store Trent Hypermarket, in addition to its new store opening process, showcased its process to capture the following: Performance of new stores Safety interventions when working with contractors Remote energy monitoring and AC scheduling activities based on Internet of Things (IOT) Automation to reduce project time Trent also presented its practices around: Project design and management Refurbishment Procurement Energy management Audit Safety Trent has benchmarked its processes around new projects (fit-out period), refurbishment and fit-out cost and found it to be best among its Indian counterparts. Unlike Infiniti Retail, Trent, and Trent Hypermarket, Titan manages relatively small stores — from 300 to 8000 sq ft in size.
    [Show full text]
  • An Empirical Study on Strategic Alliances of Multi-National
    Academy of Strategic Management Journal Volume 17, Issue 4, 2018 AN EMPIRICAL STUDY ON STRATEGIC ALLIANCES OF MULTI-NATIONAL COMPANIES IN THE MODERN GLOBAL ERA-A SELECT CASE STUDY Kishore Vattikoti, Osmania University Abdul Razak, Osmania University ABSTRACT In this era of global competition, companies are adopting various forms of collaboration with domestic and international counterparts to find a space in the global marketplace and help in strengthening their competitive advantage. A strategic alliance is one of the major strategies for growth of international business companies.The present study analyses the conceptual framework of strategic alliances, various theories and motives behind formation of strategic alliances with special orientation to Indian Industry and firms. Strategic alliance is a contract between two or more organizations to cooperate in a particular business activity. By this, both the companies get benefits from the strengths of the other and achieve competitive advantage. The formation of strategic alliances has been advanced after the globalization and seen as a quick response to liberalization. The case study of Tata Starbucks Strategic alliance is taken for this paper. Tata Global Beverages Limited and Starbucks Coffee Company announced a strategic alliance between the second largest branded tea company and iconic international coffee brand in the world. The 50:50 joint venture, named TATA Starbucks Limited, owns and operates Starbucks cafés, branded as Starbucks Coffee “A Tata Alliance.” The first store has opened at Mumbai and subsequently 2 stores are opened at New Delhi in India on October, 2012. Presently, it owns and operates 60 stores in all the major cities in India.
    [Show full text]
  • S6h33u1t57.Pdf
    I--_--------------------- ---.:ST:.:ARBUCKS' FORAY INTO TEA-ORIN KING INDIA 217 313-186-1 that it would not hold any equity. The application was rejected again in June 2007 by the Department of Industrial Policy & Promotion (DIPP), which suggested that Starbucks take the 51 % FDI route rather than the franchisee route. W ith its application being rejected for the second time and amid speculations that the Indian government would further tighten franchisee regulations, Starbucks withdrew its application from the FIPB in July 2007, without giving any date for its Indian debut. A Starbuck, spokesperson said, "Starbucks Coffee International, a wholly-owned subsidiary of Starbucks Coffee Company, notified the ministry of commerce & industry and FIPS that we decided to postpone our entry into India and officially withdraw the application to operate single-brand retail stores in this country. Starbucks is reviewing all options and evaluating how we can proceed related to our entry into one of the fastest growing economies in the world. It is premature for us to announce any new dates.':" The company was also unsure about the involvement of Sharma and Biyani in its future plans. N WITHTHETATAS In January 2011, Starbucks took a significant step and signed a non-binding m emorandum of understanding (MoU) with Tata Coffee (a subsidiary of Tata G lobal Beverages Limited) (Tata), one among of India's leading providers of premium Arabica coffee beans. Tata Global Beverages was a part of the global Tata Group and the world's second largest tea company. Its brands included Tata Tea, Tetley, Himalayan natural mineral water, and Eight 0' Clock Coffee.
    [Show full text]
  • Press Release Tata Consumer Products Limited
    Press Release Tata Consumer Products Limited (erstwhile Tata Global Beverages Limited) August 05, 2021 Ratings Amount Facilities/Instruments Ratings Rating Action (Rs. crore) Short Term Instruments – CARE A1+ 715.00 Reaffirmed Commercial Paper @ (A One Plus ) 715.00 Total Short Term Instruments (Rs. Seven Hundred Fifteen Crore Only) Details of instruments/facilities in Annexure-1 @ Total borrowing under CP and fund based facilities from banks to remain within an overall limit of Rs. 715 crore out of which Tata Consumer Products Limited has a sanctioned fund based working capital limit of Rs.400 crore Detailed Rationale & Key Rating Drivers The rating assigned to the Commercial Paper Issue of Tata Consumer Products Limited (TCPL) continues to factor in its strong business profile with well established brands and market position across geographies. The product portfolio of the company is further strengthen by acquisition of consumer products business of Tata Chemicals Ltd which includes prominent brands like Tata Salt, market leader in salt segment in India and Tata Sampann. TCPL has completed the business integration of India Food & Beverages businesses by Q4FY21 for all critical work streams. Harmonization of processes have enhanced synergies in sales & distribution, supply chain and increased reach to customer base which has contributed to both sales growth and cost savings. Apart from this, TCPL has also been entering into new product categories over the years to keep pace with changing consumer preferences through new product launches and through strategic acquisitions. During FY21, TCPL has witnessed robust growth in sales revenue driven by improved sales performance from its Indian beverages business (Tea & Coffee).
    [Show full text]