Shiv Jatia, the owner of Asian Hotels, which manages Hyatt Regency chain of luxury hotels in Delhi, Mumbai and Kolkata, has tied up with Singapore based Coffee “The Bean & Tea Leaf” through its master franchisee UAE based Abbasi Group, to set up a chain of retail coffee shops in India. The coffee shops will be set up through a 50:50 jont venture with Abbasi.
To begin with, three of these shops will be set up in Mumbai in early 2007. The Mumbai launch will be followed by the coffee shops in Pune and Bangalore. The next phase of these shops, in a pan India expansion of the network, will come up in New Delhi and other cities across the country.
With the Indian economy booming, the Coffee Bean business model fits with market demands. This is the best time to be in India,” Vikas Sandhir, Coffee Bean’s operations manager for the UAE and Middle East said.
Hot beverage retailing continues to attract international retailers in India. “Starbucks,” the world leader in brewed coffee, as reported earlier, has recently tied up with Pantaloon Retail for setting up a retail chain of coffee shops in India, even though the brands like, “Barista,” “Cafe Coffee Day,” “Costa” and “Mocha” have already made name for themselves.