The head of India's biggest coffee chain has gone missing.
Coffee Day Enterprises, the company that owns the Café Coffee Day chain, said on Tuesday that its chairman, V.G. Siddhartha, had"not been reachable" since the previous evening. Siddhartha founded Coffee Day in 1993, and opened the first Café Coffee Day in the southern Indian city of Bangalore three years later. The company has since grown into India's biggest coffee chain, with over 1,700 outlets across 245 Indian cities as of last year.
China's Luckin Coffee is taking on Starbucks in more big markets Read More"We are taking the help of concerned authorities," the company said in a statement."[The company] is professionally managed and led by [a] competent leadership team, which will ensure continuity of business," it added.The company could not immediately be reached for further comment.
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