Food and Beverage 2021-08-16

Devyani International extends partnership with Costa Coffee for another 5 years

DIL’s first Costa Coffee store in India opened in 2005 at Delhi and as on June 30, 2021 operated 44 Costa Coffee stores located in eight states and one union territory, across 17 cities in India.

By Deputy Features Editor
Devyani International extends partnership with Costa Coffee for another 5 years

Devyani International Limited (DIL), the largest franchisee of Yum Brands in India and among the largest operators of chain quick service restaurants, today announced the extension of partnership with Costa Coffee.

DIL has entered into a revised development agreement for its existing Costa business on August 14, 2021, pursuant to which DIL has been granted development rights for PAN India in a phased manner.

Also Read: Devyani International IPO opens tomorrow: 7 reasons why you should take a slice of it

This agreement has initially granted development rights for a period of 5 years and extendable from time to time subject to meeting of development and contractual obligations.

Founded in London by Italian brothers Sergio and Bruno Costa in 1971, Costa Coffee is present in 41 countries around the world, with over 2,800+ coffee shops in the UK & Ireland and 1,100+ globally.

DIL’s first Costa Coffee store in India opened in 2005 at Delhi and as on June 30, 2021 operated 44 Costa Coffee stores located in eight states and one union territory, across 17 cities in India.

The Company currently operates two formats of Costa Coffee stores, namely full retail stores at high-street locations and malls, and branded kiosks at airports, hospitals and food courts at highways.

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