IN WHAT is seen as an attempt by Starbucks to quell the notion that it’s flouting FDI norms on single-brand retail in India, the world’s largest coffee chain has intimated the government that its merchandise sale under the Starbucks brand will not be more than 2.5% of its gross revenue for the first five years. In addition to the staple coffee, Starbucks in India will sell merchandise like water, ready-to-drink items and premium chocolates, among others.
1 comment:
i think our govt. is derailing the entire progress on the retail front by dilly-dallying on the important issue of FDI in retail.
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