Wednesday, October 11, 2006

Disney to open stores in India

Reuters and The Economic Times report that Disney will be entering the Indian market through a license agreement with Indian partner Ravi Jaipuria's company by the end of October. Disney will open two stores in Delhi initially, before expanding to other metro cities.

The Jaipuria Group is the leading bottler of Coke in India and has a wide range of business interests including apparel, accessories, footwear, toys, food, health and beauty products, consumer electronics and stationary items. The company’s subsidiary Devyanni International has the liscence for UK company Costa Coffee. Disney recently bought Hungama, an Indian TV channel for children for $30.5 million.

No comments: