Gloria Jean's Coffees International, an Australia─based specialty coffee retailer, plans to invest Rs 100 Crore in India over 10 years. The company aims to open 250 coffee outlets in the country.
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The company will open 20 outlets in the next financial year (2009─10) in Bengaluru, Mumbai and Hyderabad. It will invest Rs 40 Lakh per outlet, which will be a mixture of mall stores and standalone stores. Presently, the Australian company is operating in India through a partnership with master franchisee, City Max India (part of the Dubai─based retailer Landmark Group), with five coffee outlets; three are in Bengaluru and two are in Mumbai.
from HospitalityBizIndia.com