Bharti Researching Use Of Wal-Mart Name
Posted on March 2, 2007 by webteam
From Reuters via Financial Express:
Bharti Enterprises is conducting market research into whether to use the Wal-Mart brand name in a retail network with the US giant that it expects to finalise this month, a business paper said on Friday.
Bharti and Wal-Mart Stores Inc plan a joint venture for a cash-and-carry and back-end supply chain in India, where the $300 billion retail industry is dominated by small shop owners. Wal-Mart is also in talks to provide technology support for Bharti’s front-end retail operations.
“If the research says Bharti Wal-Mart is preferred, then we’ll go with Bharti Wal-Mart. If the research says it doesn’t matter, then possibly, it doesn’t matter,” Bharti Chairman Sunil Mittal told the paper.
Mittal and Wal-Mart Vice Chairman Mike Duke met government officials last week, and Mittal told the Mint that legal agreements should be reached within weeks.
- Click here to learn more about Wal-Mart in India.
- Click here to learn more about Wal-Mart’s international expansion.
