January 14/Seattle/Diligent Media Corporation Ltd. -- Starbucks, which has over the last few months been rumored to be in talks with companies such as Jubilant Foodworks, Bharti and DLF for a retail franchise deal, finally announced one -- with Tata Coffee.
According to a joint press release, the non-binding memorandum of understanding (MoU) signed between the two companies will create avenues of collaboration for sourcing and roasting high-quality green coffee beans in Tata Coffee's Coorg facility.