In few countries would the opening of a coffee shop be treated as headline news, but that’s exactly the treatment Starbucks’ 4,500 square foot flagship Indian store in Mumbai received on Friday.
Throngs of journalists converged on the restored heritage building owned by the company’s local 50:50 partner, the Tata Group, to mark the entrance of the Seattle-based coffeehouse into the traditionally tea-drinking subcontinent. Read more
Catch up with the week on beyondbrics, with the ten most popular stories from the blog, a few things we’ve learnt, and a chart. This week: the Rosneft/TNK-BP deal. Read more
We know Chilean retail giant Cencosud thinks big – it’s Costanera Center is home to what will be South America’s tallest tower and its latest shopping spree is the biggest overseas acquisition by a Chilean company.
But is its $2.6bn purchase of Carrefour’s assets in Colombia an expensive splurge? Read more