Dabur
to invest Rs 120 cr in new retail venture
The Chairman, VC Burman of the Rs 1900 cr FMCG major, Dabur India Ltd
has declared that, “Retail is the next big focus area for Dabur
India.” The plan envisages an investment of Rs120 cr to set up
a chain of 120 franchised stores by 2010. The 1500 to 6000 sqft stores
are modeled on Euro chains Boots and Walgreens. Products retailed will
be in the health and beauty area including pharmaceuticals, OTC, health
food, confectionery, personal and baby care products and general merchandise.
The chain, to be launched by calendar end would target malls in metros
and Tier I towns. The Company has hired three senior expats from Watson
Hong Kong and London. The venture, promoted by the Group subsidiary
H&B Stores Ltd, is targeting a Rs 1700 cr turnover by 2012. The
Company currently runs a handful of Dabur Ayurvedic Centres. |
clipped from mail.google.com
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