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Tatas stand to gain from buyout

Starbucks' acquisition of Teavana is likely to offer Tata Global Beverages the opportunity to push its tea portfolio, leveraging its recent joint venture with the Seattle-based coffee giant. HT reports.

Updated on: Nov 16, 2012 03:17 AM IST
Hindustan Times | By , New Delhi
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Starbucks' acquisition of Teavana is likely to offer Tata Global Beverages the opportunity to push its tea portfolio, leveraging its recent joint venture with the Seattle-based coffee giant.

HT Image
HT Image

Starbucks opened its first store in India last month through a joint venture between Tata Global Beverages and Starbucks called Tata Starbucks.

Tata Global Beverages, earlier known as Tata Tea, is the world's No.2 tea company, with a slew of brands that can now find themselves a global footprint.

http://www.hindustantimes.com/Images/Popup/2012/11/16-11-12-BIZ-01.jpg

In 2013, Starbucks will integrate its assets to expand Teavana's mall-based store footprint with a comprehensive design strategy that will include new Teavana neighborhood locations in different markets.

Tata officials declined to comment.

 
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