Retailigence

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Pantaloon Retail Ends JV With Alpha Airports

Posted by superstar23 on November 2, 2008

Pantaloon Retail has ended its airport retailing joint venture with UK-based Alpha Airports Group, due to differences on several operational issues. Report said Pantaloon has sold its stake in Alpha Future Retail to the Alpha Group. Pantaloon itself declined to comment on the report.

The JV was formed to develop retail and food & beverage businesses at major Indian airports. Local papers said Pantaloon’s exit was caused after Alpha Retail UK was acquired by Autogrill, which led to a difference in opinion over management issues. Discussions to resolve issues have reportedly proved to be unsuccessful.

The JV had won the contract to run operations at the Delhi international airport, and was also in the hunt for contracts for the Mumbai and Bangalore airports. Alpha has been operating in India since 2002, with duty-free shops at Cochin International Airport.

source:-kamcity.com

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