Financial Daily from THE HINDU group of publications
Thursday, Oct 16, 2003
Financial Daily from THE HINDU group of publications Thursday, Oct 16, 2003 |
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Marketing
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Retailing Valdel opens FamilyMart Our Bureau
BANGALORE: Valdel Retail has announced the launch of its first project, FamilyMart, a value shopping destination supercentre, located at JP Nagar in Bangalore. "FamilyMart offers one-stop shopping, food and entertainment for the entire family," Mr M.J. Shantharam, Managing Director of Valdel Corporation, said. FamilyMart is spread across four acres with a retailing area of about one lakh sq ft. It consists of a department store called Centra, a supermarket called Dailys, a food court and entertainment for kids. Other facilities such as book-store, music, bakery, photo shop and beauty salon are part of the total offering at FamilyMart, Mr Shantharam said. "Parking space for about 350 cars and 400 two-wheelers are some of the details we have been very specific about," he added. Valdel Retail was established in partnership with Suiwah Corporation of Malaysia in 2002. Suiwah is a public listed company with turnover in excess of $370 million and its main business comprises of supermarkets and department stores in Penang.
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