July 17, 2007 | The Economic Times
Tata Coffee to unveil 100 retail outlets in India
Tata Coffee Ltd (TCL), owned 51 per cent by Tata Tea, plans to launch 100 coffee outlets in the country over the next five years to enhance presence.
TCL currently has one such outlet under the brand name of Tata Mr Bean Junction at Kochi in Kerala.
"We have plans to start another five in the current financial year," the Bangalore-headquartered company's managing director M Hamid Ashraff told the media in an interview.
"We are yet to finalise the locations. We are thinking of (putting up the five outlets at) Hyderabad, Chennai and Bangalore."
".... we will own these shops. Thereafter, we will grow by the franchisee route. In the next five years, we plan to have around 100 outlets," he said.
Ashraff also said the firm plans to launch a brand in the Russian market, possibly Eight O' Clock which it acquired last year from Gryphon Investors for Rs1,015 crore.