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Tata to retain its Retail charm

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Indian business tycoons Tata Group is in the hunt to re-enter and keep hold of its position in the retail sector. As per to the source saying @ the www.propertykhazana.com the company is planning to set up Café chain all over India. It was in the year 2004 Tata relinquished the retail business after availing the share from Barista for Rs. 25 crores, later Barista stake was sold for Rs. 65 crores to Sterling Infotech.
In a verbal communication with the www.propertykhazana.com Mr. M H Ashraff, MD of Tata Coffee said that the agreement with the Barista is at concluding stage and once the agreement is terminated then Tata will initiate the Café chains. Nothing about the commercials is finalized, he added.
Now days, coffee consumption has gradually increased, and if the past 3 or 4 years is taken into account, then coffee consumption has increased by 15%, says a report. If the revealed information at the www.propertykhazana.com is believed then India alone is required with 1 lakh ton of coffee a year. Tata Coffee is believed to be Asia’s major coffee plantation company which owns 20 coffee estates in India with annual production exceeding 10,000 tons. Currently, Tata Group is marketing its Coffee brand in the retail market through Mr. Bean Coffee Junction franchises, which has huge existence in south India with major outlets in Cochin and Coimbatore, there are options open to launch the similar franchises in Chennai and Puducherry shortly, added the source.
Source: NBTVLIVE

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