WALMART-BHARTI DIVORCE NOT UNEXPECTED AND MAY HELP BOTH COMPANIES, SAY EXPERTS
October 2nd, 2013
Walmart’s decision to terminate its Indian joint venture with the Bharti Group may have significant consequences for the food sector, but it was not unexpected, prompted by changes in foreign investment regulations made last year, say experts.“The joint venture was like trying to run a three legged race with one leg of each partner tied together,” said Arvind Singhal, chairman at Technopak Advisors. Regarding its Best Price (wholesale) and Easyday (retail) initiatives, “not much progress has been made - if any - by Walmart…because investments are needed ...
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