Trent plans Rs 2,000 cr investment for Star Bazaar expansion
Trent will invest around Rs 2,000 crore in the next five years for the roll out of 50 Star Bazaar hypermarket stores. Career avenues in retail | The Mall Mania
By PTI |
MUMBAI : Trent Ltd, the retail arm of the Tata group, is likely to invest around Rs 2,000 crore in the next five years for rolling out 50 Star Bazaar hypermarket stores.
"We will invest around Rs 2,000 crore in the next five years for the roll out of 50 Star Bazaar hypermarket stores, which is usually of around 50,000 sq ft," Trent's Chairman F K Kavarana said on the sidelines of the company's AGM on Wednesday.
"We are planning to have larger Star Bazaars which would be more than 50,000 sq ft," he added. The company also plans to add another 6-8 landmark stores by the next year.
At present, the company has around 18 stores operational, he said. On Westside, he had said the company has around 30 stores in 20 cities. About fund-raising, Kavarana said, "presently the company has no plans to do so".
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The roll out plans, like in the previous year, continue to be impacted adversely due to the inability of developers to hand over premises in the contracted time frame, he said. Start a SIP with as low as ₹500 with ET Money App!
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