DIL extends partnership with Costa Coffee as Starbucks renegotiates rent agreements with property owners

INDIA – Devyani International Ltd (DIL), the largest franchisee of Yum Brands in India, has extended its partnership with UK-based, Coca-Cola-owned cafe chain Costa Coffee.   According to ET Retail, the agreement has initially granted DIL development rights for a period of five years and is extendable from time to time subject to meeting of development and contractual obligations.  While Coca-Cola acquired Costa Coffee globally three years back, in India, Costa Coffee has been operated by rival PepsiCo’s exclusive and biggest bottling partner RJ Corp-owned DIL since 2005.   The arrangement between DIL and Costa Coffee makes India one…

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