On Thu, Nov 24, 2011 at 11:18 AM, Deepa Mohan <[email protected]> wrote:
I think Metro got past these regulations...how is it doing? > No, Metro is also cash and carry/wholesale. They are struggling a little bit as far as I know - inefficient cost structure, poor assortment/pricing, lousy merchandising. They did move to a smaller, tighter format in Hyderabad... I don't know how that's doing, though. I did read that the Indian Cabinet is likely to approve 51% FDI in multibrand retail today so things could open up very soon. salil.
