India: Tesco bids to create multi brand outlets through Trent stake
Tesco has announced plans to run multi brand outlets in India by investing in local operator Trent Hypermarket. Tesco is hoping to take a 50% stake in Trent Hypermarket Limited, which is a subsidiary of conglomerate Tata Group. Tesco’s plans have been submitted to India’s Foreign Investment Promotion Board. The investment would see a step-up […]