Starbucks to speed up global openings as India growth accelerates under Brian Niccol
Starbucks’ India business is looking to add 50 to 100 new stores a year. The move signals the coffee company is sharpening its focus on global markets as CEO Brian Niccol aims to stretch a sales recovery into more lasting growth. Tata Starbucks Pvt. has pushed its store count past 500 in India over the last four to five years, now claiming about a 30% market share, CEO Sushant Dash said in a Thursday interview with Bloomberg Television. Starbucks sees India as “one of the fastest growing markets” worldwide, Dash said.