INDIA: Reliance Retail "to enter cash-and-carry channel"
The move would be Reliance's first move into India's cash-and-carry channel
Indian retailer Reliance Retail is planning to enter the country's cash-and-carry channel, with the opening of at least three outlets in the next six to eight months, according to reports.
The Economic Times has reported that the retailer does not plan to enter into a foreign joint venture, but plans to go solo with the business.
According to the reports, Reliance has already identified locations and work has started on constructing the outlets.
In early 2009, the company jettisoned its plans to enter wholesale trading, citing the negative economic environment as its reason for doing so.
Reliance Retail declined to comment on the speculation when contacted by just-food today (24 September).
Reliance Retail operates a broad variety of retailer formats including neigbourhood stores, supermarkets, electronics, clothing, jewellery, entertainment and auto stores.
- Unilever 2016 investor day - the top takeaways
- The key questions for digital strategists in 2017
- Wessanen's move for Spain's Biogran - analysis
- Have food promotions reached tipping point?
- Interview: Mondelez's outlook for China
- General Mills jobs to go in business revamp
- Japan's Nagatanien buys Chaucer Food Group
- B&G acquires pasta sauce group Victoria Fine Foods
- Tyson sets up US$150m investment fund
- Ferrero entity acquires Delacre