People

Shares have been bought above the regulatory limit for buybacks.

He will be returning to the company after his position in operations, drive-thru optimization and partner resources in the US. Tata Starbucks, the joint venture company between Tata Group and Starbucks, has announced that they have appointed Navin Gurnaney as the new CEO of the coffee chain’s business in India on January 1 next year. Gurnaney will be replacing Sumitro Ghosh who is the company’s CEO for three years. He will be responsible for their overall strategic direction and vision in India as well as strengthening the Starbucks business growth. “I’m honored to return to India as CEO of Tata Starbucks to continue building upon the incredible momentum the company has experienced in its first 6 years,” Gurnaney said. “I look forward to elevating the mission and values of the company through delivering the iconic Starbucks Experience for our Indian partners and customers.” “We are pleased to welcome Navin Gurnaney, who has a proven track record of success within Starbucks and is a business leader with the ability to bring people together, as Tata Starbucks continues to innovate and position itself for long-term growth in the India market,” John Culver, group president of Starbucks International for channel development and global coffee and tea, said.

The Singapore-based fast food chain is eyeing to create a F&B portfolio with "global scalability".

His resignation is scheduled to take effect on August 31.

He foresees opportunities to increase the company’s presence within Southeast Asia in the future.

2018 will see the launch of the second Deliveroo Editions in Asia.

He cited change in consumer preferences as the reason for the transition.

Its adapt or die as consumer spending habits change.

Find out why he was chosen to sit at the Leaders’ Panel in the QSR Media Asia Conference.

The industry veteran has joined Everstone Group as Senior Director.

Lo’s appointment is effective on September 1, 2017.