Tata Group to open 100 exclusive Apple stores – Report
By MYBRANDBOOK
According to a news source, Tata Group is planning to open 100 stores across India that will sell Apple Inc. products, said people familiar with the matter.
The retail arm of Tata Group - Infiniti Retail, which runs the consumer electronics store chain Croma, will be an Apple-authorised reseller and set up stores at shopping malls, high-street and neighbourhood locations, sources said.
Talks have been started between Tata and premium malls and high streets and the lease terms include details of brands and stores that cannot be opened near these outlets, a retail consultant aware of the matter told the news source.
The latest development comes less than two weeks after a publication reported that the Tata Group was in talks to buy Wistron Corp's only manufacturing facility in India for up to 50 billion rupees ($605 million).
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