Friday, March 09, 2007

Spencers' looking for international partner for consumer electronics

Spencers’ Retail, part of the RPG Group, is reportedly searching for international retail partners that it can form alliance with in the luxury retail and consumer electronics sectors. According to a source in the company, RPG is keen on being part of the rapidly growing consumer electronics and luxury retail markets.
“Consumer electronics is a rapidly growing market and our presence in this category is almost negligible. We are talking to global retailers for licensing their brands in India,” a source close to the development said.

“With global players keen on entering the nascent Indian market, RPG’s strategy is to not appear too eager. But yes, talks are on for consumer electronics as well as luxury brands,” another source added.

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