Coca-Cola in talks to buy stake in India’s coffee chain Café Coffee Day

INDIA – The global soft drinks giant, The Coca-Cola Company has entered into exclusive talks to acquire an unknown stake in India’s leading coffee chain, Café Coffee Day (CCD). According to an Economic Times report, Coca-Cola is looking to diversify from its mainstream carbonated drinks range and hold a significant market share in India, a market characterized by growing consumer incomes and rising economy. The talks which are said to be at early stages were being led by Coca-Cola’s head office in Atlanta, people familiar with the matter said. The…

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Café Coffee Day targets a network of 2,500 stores in 7-8 years

INDIA – Café Coffee Day, a leading coffee chain in India plans to have a network of 2,500 stores in a period of seven to eight years as part of its expansion plans, reports ET Retail. The café chain owned by Coffee Day Global Limited, a subsidiary of Coffee Day Enterprises Limited, would add around 100 stores every year focusing on the metro markets. The firm is looking to leverage its operations in the wake of opportunities presented by tier II and tier III places. “Eventually, we would be looking…

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