Shoprite withdraws from franchisee deal with Nirmal Lifestyle

02/4/2010 | Economic Times (India), The

South Africa's Shoprite Holdings has decided against a franchisee agreement in India with Nirmal Lifestyle Group, a real estate developer, sources said. Future Group will acquire Shoprite's only hypermarket in Mumbai. However, Shoprite might consider partnering with an Indian retailer to bolster its operations.

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Economic Times (India), The

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