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One of the news updates this week is:
Reliance planning to open Hypermarkets
Reliance is planning to open 775 retail stores in the next five years. The company is expected to spend nearly Rs 1 billion in salaries for the retail division in the first year of operations. The company will have up to 25 high profile CEOs and more than 150 professionals at the middle management level.
Raghu Pillai, former director of retail at Home Solutions, Pantaloon Retail’s home furnishings venture, will be joining as CEO, Strategic Operations. Gunender Kapur, former Unilever Nigeria Chief will be CEO of the food and grocery division.
Source: Rediff Money
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