Trent Hypermarkets Archives - Inside Retail Asia

Tesco, Tata invest US$9 million in Indian JV

British multinational groceries and general merchandise retailer Tesco and Indian multinational automotive manufacturer Tata Motors have both invested another US$8.9 million into their Indian Joint Venture Trent Hypermarket.

Tesco to open Indian multibrand stores

British retailer Tesco says it is to open up to eight multibrand stores in India this year. The multibrand stores are planned for Maharashtra and Karnataka, two states which allow FDI in retail, and will be operated in partnership with Trent of Tata Group. Tesco and Trent, in March, agreed to equally own the Trent Hypermarkets, which has 12 existing stores under banners Star Bazaar, Star Market and Star Daily in the two states. The expansion comes at a time when rival Walmart announced …