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Mumbai:
Trent Ltd, a retail venture owned by the Tatas, is planning
to foray into the food business. The Tata Strategic Management
Group has chalked out a detailed plan for its proposed
foray into the new business.
Says
Trent general manager (marketing) Himanshu Chakrawarti:
"We have reached the final stage and have short-listed
a number of segments for the foray." He, however,
is reluctant to divulge more details on the development.
Trent sources say the stores will be on the pattern of
service supermarkets, selling food and non-food items,
including wet groceries.
The
new project will entail an estimated investment of up
to Rs 40 crore over a five-year period. Trent has already
established a name in the lifestyle retail business with
its Westside stores. Trent has already established 13
Westside departmental stores each, in Mumbai, Bangalore,
Hyderabad, Chennai, Pune, New Delhi and Kolkata.
Adds
Chakrawarti: "We are in the process of consolidating
and expanding our Westside retail network in the country.
We have just opened our new Westside outlet in Mulund
[a Mumbai borough] and a couple of similar outlets will
be opened soon." During the current fiscal, Trent
has invested around Rs 94 to set up retail outlets.
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