×
203
Fashion Jobs
NAGA LIMITED
Manager - Production
Permanent · Dindigul
UBRIGHT INTERNATIONAL CO. LTD
Senior Sales Manager 20+ Lakh p.a
Permanent · Pune
JIO
jc Home Lead - Coimbatore & Tiruppur - Sales Manager
Permanent · Tiruppur
ERIS LIFESCIENCES LIMITED
Area Business Manager (Generics)
Permanent · Ahmedabad
DIGIKREDIT FINANCE
Requirement For Sales Manager :: Ahmedabad
Permanent · Ahmedabad
KHOSLA MACHINES PVT. LTD.
Sales Manager-North
Permanent · Sahibzada Ajit Singh Nagar
TRACKON COURIER
Area Sales Manager
Permanent · Vapi
AVANTOR
Area Sales Manager || Patna/Ranchi
Permanent · Ranchi
BDO INDIA LLP
Cnc Manager Production Manager Minimum 14 Yrs to 18 Yrs
Permanent · Chennai
KENT RO SYSTEMS
Corporate Sales Manager
Permanent · Chennai
AS
Opening For Production Manager in Leading Sweets Mfg Company
Permanent · Thane
CENTURY PLYBOARDS (I) LIMITED
Area Sales Manager - Ahmedabad
Permanent · Ahmedabad
SRL DIAGNOSTICS
Territory Development Manager
Permanent · Prayagraj
NATURELAND ORGANIC FOODS PRIVATE LIMITED
Area Sales Manager (Maharashtra)
Permanent · Mumbai
NATURELAND ORGANIC FOODS PRIVATE LIMITED
Area Sales Manager (Madhya Pradesh)
Permanent · Indore
GRAND CHEMICAL WORKS
Area Sales Manager- Jaipur & Lucknow
Permanent · Lucknow
KISHOR EXPORTS
Qam - Quality Assurance Manager For Garment Exports Company
Permanent · Ranchi
MARC LABORATORIES LTD.
Field Sales Officer/Area Business Manager / Regional Business Manager
Permanent · Varanasi
JAYPEE BROTHERS MEDICAL PUBLISHERS PVT LTD.
Area Sales Manager
Permanent · Prayagraj
RUDRAKSHA CERAMICS PRIVATE LIMITED
Area Sales Manager
Permanent · Pune
PROPERTYXPO.COM
Area Sales Manager| Real Estate Portfolio Management | Gurgaon
Permanent · Gurugram
SAHIBANDHU FINTECH SERVICES LIMITED
Area Sales Manager - Sahibandhu
Permanent · New Delhi
By
Reuters
Published
Feb 8, 2011
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Wal-Mart in talks on partnership with Matahari, Lotte pulls out-sources

By
Reuters
Published
Feb 8, 2011

Feb 8 - Wal-Mart Stores Inc is in talks to become a partner of Indonesian retailer PT Matahari Putra Prima to develop its hypermarts, though South Korea's Lotte Shopping Co Ltd has pulled out from talks, sources said on Tuesday.

Wal-Mart, Lotte
Hypermart is one of Matahari Putra Prima's units

Lippo Group, an Indonesian conglomerate which controls Matahari via PT Multipolar , last month scrapped plans to sell its Hypermart chain because of low offers and instead opted to seek a global partner to expand.

"Lotte is out due to disagreement over pricing and branding," said one of the four sources with direct knowledge of the deal, who declined to be identified because the details were not public.

"However, Wal-Mart is still in talks with the group on the possible partner deal."

Wal-Mart and Lotte had both been interested in buying the Hypermarket assets, along with French retailer Casino Guichard Perrachon SA and private equity group Carlyle Group , in a sale that Lippo had hoped would raise over $1 billion.

The partnership could still involve taking a significant stake in Matahari to gain control over the hypermarket assets, sources said.

Multipolar, which owns a 48 percent stake in Matahari, appointed Bank Of America Merrill Lynch to become its strategic advisor to seek a global partner for Matahari.

Hypermart is Indonesia's second-biggest hypermarket chain after PT Carrefour Indonesia, with 52 outlets in the world's fourth most populous nation, generating annual revenue of $1 billion.

(Reporting by Janeman Latul, Saeed Azhar and Park Jung Youn; Editing by Neil Chatterjee)

© Thomson Reuters 2022 All rights reserved.

Tags :
Retail