Some news about another likely entrant to the Indian retail scene. I find that there is news like this almost every day now....shows just how much attention the Indian retail sector is attracting. The Economic Times reports that AS Watson, a subsidiary of Hutchinson Whampoa, Li Ka Shing’s flagship company is all set to enter the organized retail sector in India. Sources report that plans are being made to launch Watson’s Your Personal Store, a health and beauty format retail chain in India. The launch has been delayed since FDI regulations do not allow for direct entry of multi brand retailers.
Watson is presently located in 13 countries with approximately 1,400 stores and is part of the $12 billion ASW group which has 7,600 stores located in 34 countries. Other brand of the company are ParknShop supermarket, Taste food galleria, Gourmet boutique style fine food hall, Fortress electrical equipment, Watsons wine cellar and Nuance-Watson airport duty free stores.
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