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Our Bureau

Bangalore, Aug. 9

Valdel Retail Pvt Ltd, the retail arm of the multi-business Valdel Corporation, plans to expand its operations by opening three Centra and 12 Dailys outlets later this year. Centra is a chain of department stores while Dailys is a supermarket chain addressing daily essentials. The new outlets will be in Bangalore and Mysore. Valdel plans to extend its reach to other towns in Karnataka in a phased manner. Mr M.J. Shantharaam, Managing Director, Valdel Corporation Pvt Ltd, said, "Dailys aggressive expansion would provide a platform for us to tap into the fastest growing retail segment — food & groceries — where convenience, accessibility and value are important and branded daily essentials are in great demand." Valdel Retail was among the first few chains to enter into organised retailing and currently has eight Dailys and two Centra outlets spread across Karnataka, including the new Centra at Basaveswaranagar (first one outside FamilyMart).

More Stories on : Retailing | Karnataka

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