Starbucks to Quit Indian Market? No, False Claim Made in Social Media
Multiple social media users recently claimed that Starbucks, the international coffeehouse chain, was about to exit the Indian market. However, the PTI Fact Check Desk, in its investigation, found the claim to be fake.
This story was originally published by PTI News, and republished by The Probe as part of the Shakti Collective
Claim
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Investigation
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“Starbucks is fully committed to the Indian market. Any statements suggesting otherwise are false. TATA Starbucks currently operates more than 470 stores in 76 cities across India, which continues to be a key growth market for Starbucks globally,” said Starbucks as quoted by Hindstan Times in the report.
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Subsequently, the Desk concluded that Starbucks was not quitting the Indian market. CLAIM
Starbucks to quit Indian market.
FACTMultiple social media users claimed that Starbucks would exit the Indian market due to high costsand mounting losses. However, the Desk found that the article cited to make the claim was unsubstantiated. The social media posts were shared with a false claim.
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This Fact Check story was originally published by PTI News, as part of the Shakti Collective. Except for the headline, this story has not been edited by The Probe staff.
