Tuesday saw the opening of Tata Starbucks' first Starbucks Reserve location in Mumbai's Fort district. According to Sushant Dash, CEO of Tata Starbucks
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this new store concept aims to give customers a more upscale coffee experience and atmosphere.
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Small-lot single-origin coffees from all around the world, including Bolivia's Sol de la Maana, Rwanda's Sholi, and Sumatra Kerinci, will be sold in the shop
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On average, this retail format's coffee will cost about $40 more than ordinary stores.
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According to Dash, the company has no imminent plans to build reserve stores in other cities
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In the last three and a half years, we have increased the number of stores by over 300 in 36 cities
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We continue to develop and serve almost to 330,000 customers each week
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Tata With same-store sales 25% higher than before the pandemic and an Ebit break-even, Starbucks had a respectable result during the April-June quarter
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The company recorded a 636 crore increase in revenues, or a 76% increase, in FY22.
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The business has been rapidly growing, and in the period from April to June, it opened seven new outlets.