Nestle enters appliances category
The company said India is among its first few markets to begin retailing the smartphone-connected machines.
Addressing the media at a roundtable at its Gurugram headquarters on Wednesday, Nestle India chairman Suresh Narayanan said: “We are seeing a surge of speciality coffee outlets, and coffee consumption is growing specially among millennial consumers.”
The company said India is among its first few markets to begin retailing the smartphone-connected machines.
On the India impact of the global $7.15 billion Nestle-Starbucks licensing deal, which was concluded last month, Narayanan said it would pan out in India as well, though not in the immediate term. The licensing deal grants the Swiss food giant the right to market Starbucks’ packaged coffees and teas around the world, including Starbucks, Seattle’s Best Coffee and Teavana.
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