CCD, BIBA, SAMSONITE NOW FIND IT AFFORDABLE TO OPEN MORE OUTLETS IN TIER-I CITIES
CCD, BIBA, SAMSONITE NOW FIND IT AFFORDABLE TO OPEN MORE OUTLETS IN TIER-I CITIES
RETAIL MAJOR TO SPIN OFF BIG BAZAAR & FOOD BAZAAR INTO A NEW ENTITY
In 2008, the rural areas grew at a robust rate of 25 per cent as compared to 10 per cent growth in urban retail market According to a McKinsey, rural India, would become bigger than the total consumer market in countries such as South Korea or Canada in another twenty years.
Kishore Biyani had merged his real-estate business with Kolkata-based developer Sumit Dabriwala into Agre Developers to strengthen the retail major’s foothold in the realty space. The retail to financial services group runs stores like Big Bazaar and Food Bazaar.
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