India
- Croma/Tata Group Venture – In 2006 Woolworths and the Tata Group of India announced an electronics retailing venture on the subcontinent. Due to the legal framework, foreign companies are prevented from operating retail businesses in India. Due to this, Woolworths will act as a wholesaler to the Tata Group. The stores are based on the Dick Smith Powerhouse format.
Tata Group ends deal with Woolworths. According to the report in The Economic Times of India, Woolworths was surprised that the deal had a time limit on it. Tata Group and Woolworths have since "ironed out differences" and are continuing in business together according to the Economic Times of India.
Read more about this topic: Woolworths Limited
Famous quotes containing the word india:
“India is an abstraction.... India is no more a political personality than Europe. India is a geographical term. It is no more a united nation than the Equator.”
—Winston Churchill (1874–1965)
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“But nothing in India is identifiable, the mere asking of a question causes it to disappear or to merge in something else.”
—E.M. (Edward Morgan)