Infinity Retail forms sourcing pact with Videocon

The Economic Times reports that Tata’s newest retail venture Infinity Retail has signed a sourcing agreement with Videocon to source consumer electronics for its in house label. While Venugopal Dhoot, Videocon Industries, chairman and managing director said that “We have signed an agreement with Tatas to supply them consumer electronics for their private labels, similar to our agreements with Pantaloon and Reliance”, Ajit Joshi Infinity Retail chief executive officer, denied any tie up between the companies.