Pantaloon Retail India Ltd has entered into a franchise
agreement with the US chain The Coffee Bean & Tea
joint venture will see a the formation of a privately
held speciality chain, with Blue Foods, Pantaloon''s joint
venture company, being the master franchise.
deal could see the set-up of another coffee chain, similar
to Lavazza Group''s Barista, Whitbread Costa Coffee and
Cafe Coffee Day, which have seen robust growth driven
by modern retail formats, and higher disposable incomes.
reported to be keen on a franchise deal with coffee chain
Starbucks, newspapers report that the deal was scuttled
after India''s foreign investment board (FIPB) rejected
the application citing an unclear equity structure.