Shoppers Stop, Nuance JV
Last Updated : Feb 23 2007 | 12:00 AM IST
<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.