Shopper’s Stop partners Nuance Group AG

Indian retailing pioneer Shopper’s Stop Ltd. and leading international airport retailer, The Nuance Group AG addressed a press conference on Thursday, announcing a Joint Venture between the two for the purpose of entering the Duty Free retail market at Indian airports. The equally owned Joint Venture, named as Nuance Group (India) Pvt. Ltd. is the result of a Memorandum of Understanding (MoU), signed between Shopper’s Stop Ltd. and The Nuance Group AG in June last year and shareholders agreement executed recently.
The press conference held in Mumbai was hosted by the representatives from both the companies, who jointly stated their vision and plans for Nuance Group (India) Pvt. Ltd. and the future of Duty Free airport retailing in India.
With this joint venture, Indian travelers can expect to see the launch of international brands and formats at Indian airports changing the air travel experience and offering various options to passengers in the dwell time at the airport.
06/03/07 agencyfaqs.com

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Categories: Airports Mar 2007