Starbucks to quit India soon? This is what the brand has said
Rumors circulated about Starbucks exiting the Indian market due to high costs and low profitability. However, Tata Consumer Products, Starbucks' partner in India, refuted these claims, stating their commitment remains strong. Despite increased sales, Tata Starbucks reported widened losses, prompting discussions about adapting to Indian consumer preferences and pricing.
Rumors circulated about Starbucks exiting the Indian market due to high costs and low profitability. However, Tata Consumer Products, Starbucks' partner in India, refuted these claims, stating their commitment remains strong. Despite increased sales, Tata Starbucks reported widened losses, prompting discussions about adapting to Indian consumer preferences and pricing.
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