SINGAPORE: NTUC FairPrice supermarket venture talks at "fairly advanced stage" but no date set
Prospective partners for a joint supermarket-operating venture in China and India have reached a "fairly advanced stage of negotiations" with Singapore' largest supermarket operator NTUC FairPrice , which operates 87 outlets and posted sales for this year exceeding S$1bn.Chairman of NTUC FairPrice, Chandra Das, revealed that the company has set aside S$20m in funds for the overseas venture, but could reveal nothing about when, and if, it would start: "I would have liked to have started yesterday."
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-food gives you the widest food market coverage.
Paid just-food members have unlimited access to all our exclusive content - including 16 years of archives.
I am so confident you will love complete access to our content that today I can offer you 30 days access for $1.
It’s our best ever membership offer – just for you.
Dean Best, editor of just-food
- Unilever 2016 investor day - the top takeaways
- The key questions for digital strategists in 2017
- Have food promotions reached tipping point?
- Mondelez goes beyond certified cocoa - analysis
- ABF on Brexit, M&A and grocery - interview
- Nestle unveils process to cut sugar by 40%
- Unilever focuses on "value" of spreads arm
- Japan's Nagatanien buys Chaucer Food Group
- Unilever sets new margin target with help from ZBB
- B&G acquires pasta sauce group Victoria Fine Foods