Coffee Chains; A Growing Business In India
2. Barista Lavazza
Barista opened its first coffee lounge in 2000 with headquarter in Okhla, New Delhi. Since then, it has been called as one of the best espresso bars in India. In 2007, Barista was acquired by Lavazza and started knowing as ‘Barista Lavazza’. ‘Barista Coffee Company’ is the leading force behind Barista Lavazza.
After one year of establishment, more than thirty-four percent of Barista’s equity stakes were sold to ‘Tata Coffee’ and the rest of the shares were bought by C Sivasankaran from the ‘Amit Judge-controlled Turner Morrison’ in 2004. Later in 2007, Sivasankaran’s ‘Sterling Group’ bought the stakes from Tata Coffee and in the same year, Barista was sold to the ‘Lavazza’ group. Since then, Barista changed its name to ‘Barista Lavazza’.
Lavazza’s roasting firm, ‘Fresh and Honest’ supplies the coffee beans in Barista Lavazza. At present, Barista Lavazza has more than 225 outlets in India and has also became the fastest Indian brand to reach the top of the phenomenal companies that changed India. It also received the ‘Brand of the Year’ from ‘Times Group of Business’ in 2002. Barista Lavazza is estimated to have annual revenue of 200 crore.