Retail lessons

Walmart’s decision to end its partnership with Bharti Enterprises — on a proposed multi-brand retail venture and an existing ‘cash-and-carry’ business — does not add up to a pullout from India. The break up has ended on terms that will see Walmart buy out Bharti in their equal joint venture and thereby acquire full control of the wholesale or cash-and-carry stores under it. While this signals an intention to stay on, and even grow the current business, it would appear that Walmart’s ambitious foray into the multi-brand retail space has, however, been put on hold.

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