Easyday to be Bharti's mainstay in retail biz till it forges new JV

Oct 10 2013, 13:54 IST
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Bharti Retail has been on an expansion spree till early this year, with a total of 212 stores across the country in its five years of operations. Bharti Retail has been on an expansion spree till early this year, with a total of 212 stores across the country in its five years of operations.
SummaryAfter Bentonville-based Wal-Mart Stores and India’s Bharti Group decided to call off their JV.

know-how from Wal-Mart. Retail is one of the toughest businesses to be in currently and although the Bharti Group is well funded, they may look for expertise,” says Abneesh Roy, associate director, Institutional Equities Research, Edelweiss Securities .

“Now what needs to be seen is what happens to the prior commitments that Bharti had made especially the ones related to land leasing,” Rajagopalan adds.

Both the companies began their partnership in 2007, after which Bharti set up easyday stores under Bharti Retail. It was anticipated that once the government allows foreign companies to invest in front-end, Wal-Mart would pick up equity stake in the venture.

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