UK wholesaler Booker has announced plans to expand into India.
The company said that following a “detailed review”, it has secured a site for a cash and carry in Mumbai.
The announcement was made in the company’s fourth-quarter trading update yesterday (2 April), in which the wholesaler posted a 6.4% increase in sales, with total like-for-likes also up 6.4%.
“Booker continues to trade well, in spite of the economic environment,” said Booker chief executive Charles Wilson.
“Booker is helping more independent retail and catering customers save money. With extended choice, better service and competitive prices we have seen customer satisfaction improve and sales grow. We look forward to serving the stores, food stalls and restaurants of Mumbai.”
Booker said it anticipates that the new site will be trading by the end of the summer, with an emphasis on fresh fruit and vegetables.
The company has 173 stores in the UK, which supply pubs, school canteens, independent grocery shops and street kiosks.