Comment on Report: Coca-Cola eying coffee bar business in India

Report: Coca-Cola eying coffee bar business in India

Atlanta-based Coca-Cola (NYSE: KO) reportedly is considering a move into the coffee cafe business in India. The Economic Times says The Coca-Cola Co. is in talks with Cafe Coffee Day of India to acquire a significant stake in the company. Cafe Coffee Day is India’s largest coffee chain. It has 1,750 locations across six countries and is a direct competitor to Starbucks (NASDAQ: SBUX), according to the report. More than 100 Starbucks stores in India are operated by a joint venture, TATA Starbucks…

 

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