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Shoppers Stop, Nuance JV
Shoppers Stop, Nuance JV
<b>Shoppers' Stop, Nuance in JV</b><br><br> Shoppers Stop and Switzerland's Nuance Group AG have formed a joint venture to bid for contracts to set up duty-free retail outlets in Indian airports. The JV is among the five short-listed bidders for a contract to set up duty-free retail outlets at Mumbai international airport.<br><br> In the airport retailing space India, with a projected annual passenger growth of 10.4%, is considered a strong growth potential market.<br><br> "It is the inward-bound passengers that we are targeting in India," said Roberto Graziani, CEO of the Nuance Group AG.
<b>Shoppers' Stop, Nuance in JV</b><br><br> Shoppers Stop and Switzerland's Nuance Group AG have formed a joint venture to bid for contracts to set up duty-free retail outlets in Indian airports. The JV is among the five short-listed bidders for a contract to set up duty-free retail outlets at Mumbai international airport.<br><br> In the airport retailing space India, with a projected annual passenger growth of 10.4%, is considered a strong growth potential market.<br><br> "It is the inward-bound passengers that we are targeting in India," said Roberto Graziani, CEO of the Nuance Group AG.