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[b] The Starbucks Experience[/b]
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“We are going to bring the Starbucks experience that is known around the world to India,” John Culver, Starbucks president for China and Asia Pacific, said in an interview. “All the coffee we serve here will be locally sourced.”[/size][/font][font=Arial][size=4]
The Seattle-based restaurant operator has an agreement to source beans from Bangalore-based [url="http://www.bloomberg.com/apps/quote?ticker=TCO:IN"]Tata Coffee Ltd. (TCO)[/url], a unit of Tata Global.[/size][/font][font=Arial][size=4]
Starbucks rose 1.3 percent to $48.48 yesterday, boosting its gain so far this month to 5.4 percent. The stock climbed 43 percent in 2011, the third straight [url="http://www.bloomberg.com/apps/quote?ticker=SBUX:US"]year[/url] of gains.[/size][/font][font=Arial][size=4]
Tata Coffee advanced 0.6 percent to 871.70 rupees and has climbed 15 percent this month.[/size][/font][font=Arial][size=4]
India’s government on Jan. 10 raised the ownership limit to 100 percent for foreign retailers selling a single brand, a decision benefiting companies including Starbucks. The new rules require the overseas companies to procure at least 30 percent of their products or inputs from small Indian companies if they own more than 51 percent in the venture.[/size][/font][font=Arial][size=4]
The Indian economy will expand an estimated 6.5 percent this year, the fastest pace among developing Asian economies excluding China, according to January estimates from the [url="http://topics.bloomberg.com/world-bank/"]World Bank[/url]. The [url="http://topics.bloomberg.com/reserve-bank/"]Reserve Bank[/url] of India projects 7 percent growth for the 12 months ending March.[/size][/font]
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Source: [url="http://www.bloomberg.com/news/2012-01-31/tata-global-surges-after-venture-with-starbucks.html"]http://www.bloomberg.com/news/2012-01-31/tata-global-surges-after-venture-with-starbucks.html[/url][/size][/font]

  • 5 months later...
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[img]http://i884.photobucket.com/albums/ac46/Cicely_De_La_Torre/starbucks.gif[/img][img]http://i884.photobucket.com/albums/ac46/Cicely_De_La_Torre/starbucks.gif[/img][img]http://i884.photobucket.com/albums/ac46/Cicely_De_La_Torre/starbucks.gif[/img][img]http://i884.photobucket.com/albums/ac46/Cicely_De_La_Torre/starbucks.gif[/img][img]http://i884.photobucket.com/albums/ac46/Cicely_De_La_Torre/starbucks.gif[/img][img]http://i884.photobucket.com/albums/ac46/Cicely_De_La_Torre/starbucks.gif[/img][img]http://i884.photobucket.com/albums/ac46/Cicely_De_La_Torre/starbucks.gif[/img]

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