Date:10/02/2005 URL: http://www.thehindubusinessline.com/2005/02/10/stories/2005021001841900.htm

Back Coffee Day plans 500 outlets by 2007

Our Bureau

(From right) Ms Neha Dhupia, Actress, Mr Naresh Malhotra, Director, Amalgamated Bean Coffee Trading Company Ltd, and Mr V.G. Siddhartha, Chairman, Cafe Coffee Day, at the inauguration of its 200th outlet in the country in Bangalore on Wednesday. - G.R.N. Somashekar

Bangalore , Feb 9

CAFÉ Coffee Day, the liquid coffee retailing brand, plans to set up 500 outlets by 2007, more than doubling its current network of 200 cafes in 50 cities, according to Mr Naresh Malhotra, Director of Amalgamated Bean Coffee, which manages the café chain.

The chain today opened its 200th outlet in Bangalore, and said the number of outlets will cross 250 by June this year covering 60 cities across the country. Coffee Day, which is poised for big overseas expansion, plans to open 50 cafes in five international cities by 2006. Coffee Day is expected to close the current financial year with revenues in the vicinity of Rs 100 crore, while Amalgamated Bean Company, which is one of the largest coffee exporters, will end the year with Rs 200 crore turnover.