Tata Global Beverages to Sell Russian Business to Skodnya Grand

Tata Global Beverages (TGBL) today said it will sell its business in Russia for an undisclosed amount to a local firm as part of restructuring operations in the country. TGBL has entered into an agreement to transfer ownership and operational responsibility of its Russian business unit to Skodnya Grand, the company said in statement. The…

Cafe Coffee Day, Barista Have No Plans to Take on Starbucks’ Killer Pricing

Undeterred by the entry of iconic US-based coffee chain Starbucks at competitive prices, entrenched players such as CCD, Barista and Costa Coffee are unlikely to go in for price war, and plan to continue with differentiated pricing strategy. Starbucks, which debuted here over the weekend, said it will follow low pricing strategy across all its…