Bharti Enterprises Ltd will decide on the future of its partnership with Wal-Mart Stores Inc. by October. According to a Mint report, the Indian company’s chairman Sunil Mittal has confirmed that the two companies are reviewing their relationship after the US retailer ran into trouble with regulators in India, and that they may break up.
Mint quoted Mittal as saying, “Within October, I would say, Wal-Mart should have taken a decision of their vision for India, and Bharti could have taken a decision whether it matches our aspirations.”
Bharti Walmart Pvt. Ltd was formed in 2007 and runs 19 Best Price Modern Wholesale stores in India. “We are awaiting Wal-Mart’s final response to Indian retail and then we will evaluate our options,” Mittal said.
Read the complete report here