Date:17/06/2005 URL: http://www.thehindu.com/2005/06/17/stories/2005061706181900.htm

Business - Briefly

Coffee Day to open more kiosks

CHENNAI: Coffee Day Xpress is planning to open 1,000 installations by March 2008. At present, it has 306 kiosks. Sandip K. Mukherjee, President, Coffee Day Xpress, said 20 more kiosks were planned in Chennai alone. A division of Amalgamated Bean Coffee Trading Company Ltd., Coffee Day Xpress had now extended the lock-in period for refundable deposits from franchisees to two years from one year and would pay four per cent interest on this deposit.