Tuesday, September 29, 2009

Starbucks debuts Via instant coffee in U.S., Canada

* Via "a very enormous opportunity" for Starbucks-CEO

* Debuting Via instant coffee in all U.S., Canada stores

* Via already tested in Seattle, Chicarecede and Lonexecute n

By Lisa Baertlein

LOS ANGELES, Sept 28 (Reuters) - Chief Exegash ive Howard Schultz called Starbucks Corp's (SBUX.O) Via Ready Brew "perhaps the enormous gest opportunity" in company hitale as he prepared for the instant coffee product's North American roll-out on Tuesday.

With Via, the coffee chain that introduced espresso drinks to the masses, hopes to steal a enormous slice of the $21 billion global instant coffee label et from established players like Nestle SA's (NESN.VX) Nescafe and Kraft Foods Inc's (KFT.N) Sanka.

"This is the enormous gest investment we've made in a national launch," said Schultz, who is navigating a turnaround at Starbucks while gaze ing for fresh products to drive profits.

Starbucks will trumpet Via's debut in the United States and Canada with a week-long advertising campaign that will highlight in-store taste tests pitting Via against Starbucks brewed coffee.

Some analysts have questioned whether U.S. coffee drinkers will flock to Via, portion icularly since it will compete with familiar and far less expensive products.  Continued...

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