Hotline: 1800 102 2007
X
Search Business Opportunities
Mar, 28 2017

​Dabur keen on a partner to grow retail arm

'NewU' stores offer both domestic and international brands covering cosmetics, fragrances, skin care, personal care and beauty and fashion accessories.

Dabur India is willing to dilute its holding in its wholly-owned retail subsidiary H&B Stores and bring in an investor to grow the business once the government eases rules on foreign direct investment in multi-brand retail, according to Sunil Duggal, the Chief Executive Officer of the company known for its Ayurvedic products.

Duggal said, "Going forward, we would like to scale it up outside the boundaries of Dabur, not within Dabur; outside boundaries means getting a foreign partner in or getting some outside investment in so that we are able to scale up because the issues with NewU (stores operated by H&B Stores) is the faster you scale up, the more money you lose."

H&B operates stores under the name 'NewU' that offer a wide range of beauty and personal care products and are located in premium high footfall malls and markets. 

These stores offer both domestic and international brands covering cosmetics, fragrances, skin care, personal care and beauty and fashion accessories.

Once FDI is allowed, which is perhaps is going to happen at a point in time, in multi brand retail, that’s the time we will be starting to talk to people, he said.

He said, "We can open up 100 new stores; we have got around 80 stores, we can open up 80 more in one year but then the bleed which will come out of there will be quite high and since it's part of the consolidated set of numbers, we are not willing to absorb that bleed. 

So, the whole long-term plan or the medium-term plan for NewU is to carve it up as a separate entity with outside investments and then scale it up to a different level."

Comment
image
Related opportunities
  • Quick Service Restaurants
    About Us: Gill’s Kitchen is a brand of H & H..
    Locations looking for expansion Delhi
    Establishment year 2017
    Franchising Launch Date 2018
    Investment size Rs. 5lac - 10lac
    Space required 250
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Juices / Smoothies / Dairy parlors
    About Us: Lassi Royale brings you a tested franchise opportunity in..
    Locations looking for expansion Andhra pradesh
    Establishment year 2017
    Franchising Launch Date 2019
    Investment size Rs. 5lac - 10lac
    Space required 150
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Hyderabad Andhra pradesh
  • Mobile & Communication/Internet Connections
    About Us: Describe Your Business-5-10(Lines)-SHOPX is a technology-led company which helps..
    Locations looking for expansion Andhra pradesh
    Establishment year 2015
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 150
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater hyderabad Andhra pradesh
  • Fitness Equipment Stores
    About Us: Body Mechanism, Informally known as BM, Is an Advanced..
    Locations looking for expansion New Delhi
    Establishment year 2014
    Franchising Launch Date 2018
    Investment size Rs. 1 Cr. - 2 Cr
    Space required 5200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater DELHI New Delhi
Insta-Subscribe to
Entrepreneur
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