Tata Starbucks News

However, it did not specify the net loss for FY22. The company now has 268 stores across 26 cities. Formed in 2012, Tata Starbucks is a 50:50 JV between Starbucks and Tata Consumer Products Ltd.

Tata Starbucks Private Limited on Wednesday introduced the Starbucks® India mobile app across the country, giving customers a fast and convenient way to pay for in-store purchases and earn Stars through the loyalty program using their mobile device.

Tata Starbucks on Thursday announced the appointment of Sumi Ghosh as CEO with effect from January 1.

Microsoft chief Satya Nadella will meet industry leaders like Mahindra Group Chairman Anand Mahindra, Axis Bank head Shikha Sharma and Tata Starbucks CEO Avani Davda during his one-day visit to India on November 5.

The company said it will use other FSSAI-approved ingredients that meet Starbucks global standards so as to enable it to continue offering its range of beverages.

The Food Safety Standards Authority of India (FSSAI) had rejected applications submitted by Tata Starbucks for a total of 32 products in April. These rejected products include coffee frappucino, vanilla syrup and hazelnut flavoured syrups, which are still sold at the cafe chain's outlet in the heart of the capital.

Tata Starbucks CEO Avani Davda is the only Indian featured in Fortune and Food & Wine's list of 25 "most groundbreaking" women who are changing the way people eat and think about food.