Hotline: 1800 102 2007
X
Loading
Search Business Opportunities
Feb, 04 2010

Future Group mulls buying sole Shoprite store

Future Group, India’s leading business house with multiple businesses spanning across various formats, is planning to buy the single hypermarket of Shoprite in Mumbai.

Future Group, India’s leading business house with multiple businesses spanning across various formats, is planning to buy the single hypermarket of Shoprite in Mumbai. The company has plans to set up a food store with its existing employees. As per Kishore Biyani, CEO, Future Group, “We are currently in talks and I do not want to comment on anything further.”

Recently, South African based retail chain ‘Shoprite’ called off its franchise deal with real estate developer, India based Nirmal Lifestyle Group. Shoprite entered into a franchise agreement with Nirmal Lifestyle Group in 2004 and set up its first hypermarket in Mumbai. Though the existing hypermarket in Mumbai is quite profitable but the company has failed to expand beyond one store. So, Shoprite has announced its decision to call off its hypermarket operations.

Shoprite, in India as a hyper market offered food and household items such as kitchenware, toys, stationery, appliances and clothing. The Shoprite Group of Companies, Africa’s largest food retailer, operates 1079 corporate and 270 franchise outlets in 17 countries across Africa, the Indian Ocean Islands and southern Asia.

Comment
manojmls@gmail.com 25, Jan 2011
We are one of the leading Men's wear retailers in Delhi, Noida & Gurgaon specializing in wedding, ethinic & partywear for Men, We are looking at a good collection of women's/girls ethinic wear for our stores.
Related opportunities
  • Join Hands with Apollo diagnostics and start a business that..
    Locations looking for expansion Andhra Pradesh
    Establishment year 2002
    Franchising Launch Date 2015
    Investment size Rs. 2lac - 5lac
    Space required 200 Sft
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Hyderabad Andhra Pradesh
  • Pharmacies
     |Reliable, Experienced, Trusted pharma product provider|The most trusted name in..
    Locations looking for expansion New Delhi
    Establishment year 2006
    Franchising Launch Date 2015
    Investment size Rs. 10lac - 20lac
    Space required 300 sq ft
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater New Delhi New Delhi
  • About: Cuttingedge Translation Services Pvt. Ltd. is one of the leading..
    Locations looking for expansion Delhi
    Establishment year 2008
    Franchising Launch Date 2017
    Investment size Rs. 20lac - 30lac
    Space required 400
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Car wash / Ceramic Coating / Detailing
    About Onyxaa :-ONYXAA is an established player in automotive coating..
    Locations looking for expansion New Delhi
    Establishment year 2016
    Franchising Launch Date 2016
    Investment size Rs. 20lac - 30lac
    Space required - 1800 Sq.ft
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater New Delhi New Delhi
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities