Bharti Retail to double store count by year-end
Bharti Retail, owners of Easy Day stores, is on an expansion spree after mostly restricting its presence to Punjab for almost three years, amid reports that the country may finally allow foreign investment in multi-brand retail. The retail arm of Bharti Enterprises, which has a joint venture with world’s largest retailer Wal-Mart in the cash-and-carry [...]
Wal-Mart seeks US govt help in getting into Indian retail market
The world’s largest retailer Wal-Mart has solicited support from the US government for entering the multi-billion dollar Indian retail market, where foreign investment norms are posing hurdles to its entry. The US-based Wal-Mart Stores, one of the world’s top revenue grossers with over $400 billion of total annual sales and present in 15 countries, is [...]
Can pump in more than $2bn if FDI rules are eased: Bharti Retail
Bharti Enterprises group company Bharti Retail, which is on track to invest $2 bn by 2018 said it may scale up its investment if the government relaxes FDI norms in the retail sector. “If the rules for the game are changed, we can also revisit our plans,” Bharti Enterprises Vice-Chairman and Managing Director Rajan Mittal [...]
Bharti Retail to enter south soon, looks at west too
Sunil Mittal’s Bharti Retail plans to roll out stores in South India soon, as part of its plans to become a national retailer, sources in the know have said. Bharti Retail had already signed three-four properties in the southern states and was looking at booking spaces for around 50 stores by the year end, said [...]
Bharti Retail Appoints Andrew Levermore as Chief Operating Officer
Bharti Retail, a fully owned subsidiary of Bharti Enterprises, announced today that it has appointed Andrew Levermore as the Chief Operating Officer. Levermore will join Bharti Retail in July 2010 and will lead the operations for easyday and easyday Market stores across India. He will be instrumental in taking forward the Company’s mission of Enabling [...]
Wal-Mart steps up India rollout, hopes rules ease
Wal-Mart Stores Inc, the world’s biggest retailer, will accelerate its rollout of wholesale stores in India, a crucial growth market that has long frustrated overseas operators with restrictive rules. Raj Jain, chief of Indian operations for Arkansas-based Wal-Mart, said the firm now expects to open 10-12 wholesale centres in India over two-to-three years, from an [...]
Wal-Mart ready for multi-branded retailing if rules eased
The world’s largest retailer, Wal-Mart, on Tuesday said it is ready to enter multi-branded retail segment in India within a year of any government decision to open up the sector to foreign direct investment. “In case the government decides to allow FDI into multi-branded retailing we will be happy to participate in it. We can [...]
Bharti Walmart to foray into south, west India within 2 yrs
Bharti Walmart, the 50:50 joint venture between Bharti Enterprises and US-based Walmart Inc, on Tuesday said it will enter the southern and western parts of India within the next 18-24 months as it looks to expand presence in the country.
The wholesale firm had earlier announced plans to have 10-15 outlets within the next three years [...]
New President of FICCI – Rajan Mittal – to push for FDI in Indian Retail
The country’s apex industry lobby, the Federation of Indian Chambers of Commerce and Industry (FICCI) has a new man in charge. The vice chairman and managing director of Bharti Enterprises has taken over as the president of FICCI and one of the top agenda for Rajan Mittal, younger brother of Sunil Mittal, during his term [...]
Bharti Retail enters Jaipur, lines up $2 bn for expansion of retail in India
Sunil Mittal-promoted Bharti Retail entered Rajasthan by launching the state’s first compact-hyper store ‘Easyday Market’ in Jaipur. The company currently has 63 stores in cities across Punjab, Haryana, Rajasthan, Uttar Pradesh and New Delhi. These stores are of two formats Supermarkets, which are known as “easyday”, and Compact Hyper, which are known as “Easyday Market”.
“Our [...]
