date:Jul 09, 2014
enter into any meaningful agreements. In particular, a proposed joint venture with Sunil Mittal's Bharti Group did not come to fruition.
As part of a three year revival plan the company is exiting underperforming markets such as India, Singpaore, Malaysia and Greece and instead focusing on its key markets of Europe, China and Brazil.
The company has yet to comment on whether it will sell any of its Indian stores to rivals but there have been reports that it is in talks with a potential buyer.