The Wadia Retail Rush
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While low-cost housing remains a priority for the group, convinced that the organized retail opportunity in India is waiting to be harnessed, the elder Wadia sibling Ness is trying to gain maximum square footage in malls, as also high street square footage. Recently, Britannia also acquired a stake in Bangalore-based Daily Bread, a speciality manufacturer and retailer of premium bakery products, giving it an entry in the organized food retailing mart. Plus, thanks to Bombay Dyeing and Britannia, the group already boasts a vast and effective distribution network. Although a tad too late, they are now planning to capitalise on this strength, using the ready retail pipeline to pump down more products. Efforts are on to rope in big-ticket international brands like Gucci; with the additional possibility of encompassing all retail formats, including hyper markets. However, challenges like manpower crunch and product sourcing may play spoilsport if not dealt with effectively.
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Source : IIPM Editorial, 2008An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative For More IIPM Info, Visit Below....
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Source : IIPM Editorial, 2007
An IIPM and Malay Chaudhuri – Arindam Chaudhuri Initiative