Starbucks is getting beaten in China by local coffee chains like Luckin that have cracked the consumer and product-market fit. From their latest market commentary, Starbucks in India is also facing margin pressures and reduced their new store openings(similar to what Chaayos did). Interesting market and the Indian consumer is a tough one for any player to have a monopoly like Starbucks has in US and Japan.
Chaios is not something real chai lover will like, chai sutta baar or baithak are doing it better
Gift/teacard will be the key
Yea not the starbucks way which is why it was bashed recently by singapore ambassador for being way overpriced and the taste being worst
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Starbucks is getting beaten in China by local coffee chains like Luckin that have cracked the consumer and product-market fit.
From their latest market commentary, Starbucks in India is also facing margin pressures and reduced their new store openings(similar to what Chaayos did).
Interesting market and the Indian consumer is a tough one for any player to have a monopoly like Starbucks has in US and Japan.