Blog: Dean BestIndian retailer steals march on Wal-Mart

Dean Best | 17 August 2007

For all Wal-Mart’s pleasure at setting up its first venture in India, a domestic rival looks to have stolen a march on the US group with ambitious plans to expand throughout the country.

Reliance Retail wants to spend a whopping US$6bn expanding its store network from around 250 to 5,000 outlets in just four years.

Now, Wal-Mart – which earlier this month made its first foray into India with a cash-and-carry deal – is hamstrung by a ban on direct foreign investment in India’s retail sector.

Nonetheless, should Reliance follow through with its plans, Wal-Mart will be faced with a pretty strong competitor if and when government controls on investment are lifted.


Intermarche broke rules with Nutella promo, French watchdog says

The pandemonium in stores of Intermarché as shoppers scrambled to grab jars of cut-price Nutella went viral - but the country's competition watchdog has announced the French retailer broke rules on se...


Big Food in investor spotlight this week at CAGNY

The senior management of a number of the major food manufacturers operating in the US will be in Florida this week for a key date on investor calendars....


Another UK meat supplier under microscope

Sunday saw another product recall involving another UK meat supplier announced by the country's food standards watchdog....

Forgot your password?