Dabur India jumps into retail bandwagon
Wednesday, March 14, 2007On 13 March 2007, Dabur India had announced its plans to enter the organized retail market in India, through its wholly-owned subsidiary, H&B Stores (under incorporation). The Burman Family sold their stake in Punjab Tractors Ltd to pump cash into the retail venture.
The company will invest Rs 140 crores by 2010 to enter the retail market in India with a chain of stores on the Health & Beauty format. The company plans to establish stores ranging from 1,500 sq ft to 6,000 sq ft in size, offering international quality store environment and product range.
Three senior professionals and experts from the global retail industry have been roped in to drive the company's retail foray. This venture is also synergistic with the company's current portfolio of Ayurvedic & Herbal products and would add significantly to the company's distribution footprint.
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