News, Tools, Training for Key / National Account Managers
(KAMs / NAMs) working in the FMCG / Retail industry

NamNews Free Trial

Subscribe

Advertise

Contact Us

Search KamCity

« Back to News Headlines

 

NamNews Retail News

 RSS Feed

 Follow us on Twitter

INDIA: Tesco Begins Talks With Tata For Retail Venture

Tesco has begun talks with Indian giant Tata Group to form a retail joint venture to break into the country’s retail market. Tesco has been desperate to find a local partner in India after losing out to Wal-Mart to tie-up with Bharti Enterprises. Tata had previously said it was not in talks about a move into food retailing.

Krishna Kumar, Director of Strategy at Tata Group, said: “We may have had some exploratory discussions with Tesco but that does not mean we have made any decisions on either strategy or partner”. He said the talks are not exclusive and Tesco is in discussions with other potential partners.

Tata operates 21 home and apparel stores under the Westside brand, through its Trent retailing division.

NamNews - Friday 12th January 2007

 

INDIA: Tesco Begins Talks With Tata For Retail Venture


 

See column on the right for related news items
or search our NamNews Archive containing over 9 years of industry news (Subscriber-only)

 
 
 

Related Articles

ASIA: More Speculation Surrounds Carrefour Assets

UK: Tesco To Slash ‘Express’ Jobs; Report Says Growing Faster Than Rivals

UK: Halfords Chief In A New Driving Seat

UK: Tesco Expanding North Of The Border

UK: Head Of Tesco China Outlines Ambitious Expansion Plans

UK: Tesco Opens First Drive-Thru Store

UK: Tesco To Launch Three New Consumer Magazines

UK: Asda Set To Open ‘Dark Store’ To Help Extend Coverage In London

UK: Sales Continue To Fall At Asda, Promises To Improve Quality Of Its Food

UK: Sales In The Grocery Sector Stable – Nielsen

UK: Grocery Retailers Inflated By Rising Food Prices - Kantar Worldpanel

 

 

   
   
About KamCity  |  Advertise  |  Contact us  |  Copyright & Disclaimer  |  NamNews Free Trial  Search KamCity