financetom
Business
financetom
/
Business
/
India's Tata faces pressure in Starbucks joint venture as consumers cut back
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
India's Tata faces pressure in Starbucks joint venture as consumers cut back
Dec 16, 2024 2:20 AM

Dec 16 (Reuters) - India's Tata Consumer Products

"will calibrate" its plans to open Starbucks stores in

the near term at a time when fewer customers are walking into

its cafes in the world's most populous country, its top boss

said on Monday.

"We will calibrate for the short term ... In the near term

there will be pressure," Tata Consumer CEO Sunil D'Souza told

Reuters, adding that its Tata Starbucks joint venture is still

focused on reaching its 2028 goal.

Separately, D'Souza also said Tata Consumer's revenue would

increase in the double-digit percentage range in the second half

of the ongoing financial year, with profit coming under pressure

due to higher prices of raw materials, including tea.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Donnelley Financial Solutions Insider Sold Shares Worth $2,576,656, According to a Recent SEC Filing
Donnelley Financial Solutions Insider Sold Shares Worth $2,576,656, According to a Recent SEC Filing
Mar 4, 2024
05:41 PM EST, 03/04/2024 (MT Newswires) -- Daniel Leib, Director, Chief Executive Officer, on February 29, 2024, sold 40,000 shares in Donnelley Financial Solutions ( DFIN ) for $2,576,656. Following the Form 4 filing with the SEC, Leib has control over a total of 517,474 shares of the company, with 517,474 shares held directly. SEC Filing: https://www.sec.gov/Archives/edgar/data/1669811/000095017024025003/xslF345X03/ownership.xml ...
Ameren Insider Sold Shares Worth $513,989, According to a Recent SEC Filing
Ameren Insider Sold Shares Worth $513,989, According to a Recent SEC Filing
Mar 4, 2024
05:41 PM EST, 03/04/2024 (MT Newswires) -- Martin J Lyons, Director, Chairman, President & CEO, on February 29, 2024, sold 7,270 shares in Ameren ( AEE ) for $513,989. Following the Form 4 filing with the SEC, Lyons has control over a total of 248,379 shares of the company, with 246,434 shares held directly and 1,945 controlled indirectly. SEC Filing:...
Firstcash Holdings Insider Sold Shares Worth $2,583,269, According to a Recent SEC Filing
Firstcash Holdings Insider Sold Shares Worth $2,583,269, According to a Recent SEC Filing
Mar 4, 2024
05:40 PM EST, 03/04/2024 (MT Newswires) -- Douglas Richard Rippel, 10% Owner, Director, on February 29, 2024, sold 22,400 shares in Firstcash Holdings ( FCFS ) for $2,583,269. Following the Form 4 filing with the SEC, Rippel has control over a total of 5,602,456 shares of the company, with 4,308 shares held directly and 5,598,148 controlled indirectly. SEC Filing: https://www.sec.gov/Archives/edgar/data/840489/000084048924000067/xslF345X03/wk-form4_1709591856.xml...
Clear Channel Outdoor Prices $865 Million Debt Offering
Clear Channel Outdoor Prices $865 Million Debt Offering
Mar 4, 2024
05:40 PM EST, 03/04/2024 (MT Newswires) -- Clear Channel Outdoor ( CCO ) late Monday said it priced a $865 million offering of 7.875% senior secured notes due 2030. The offering is part of a broader refinancing transaction by the billboard and out-of-home advertising company to refinance its existing senior secured credit facilities, extend the maturity of its term loan...
Copyright 2023-2026 - www.financetom.com All Rights Reserved