Retail Giant Tesco To Tie Up With Tata’s Trent

IBNLive.com:

There is lots of excitement on the retail front and especially for those who have shopped at Tescos in the UK. The retail giant based in Britain has now tied up with Tata group’s Trent.

Tesco will enter into the cash and carry business through a 100 per cent arm. It will invest $115 million in the first two years And, Trent will be the exclusive franchisee for Tesco.

Tesco’s wholesale arm would supply the merchandise to Star Bazaar, a hypermarket operated by Trent.

Tesco was also in talks with Sunil Bharti earlier for its retail venture but it failed.

Bharti have now tied up with Walmart and are expected to start their retail operations by August of next year.