Indian conglomerate Videocon Group has revealed plans to enter the grocery sector with the launch of a cash-and-carry venture.
Go deeper with GlobalData
Sunil Mehta, CEO Bolld Cash & Carry, said: “The company will invest US$500m in the next three years and we expect a turnover of $4bn by the fourth year. We intend to open five stores this financial year. The first store is scheduled to be launched in September.”
Bolld will sell food and groceries, consumer durables, IT, and apparel.
Videocon has interests in consumer electronics, glass manufacturing, oil and gas.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
