Finance director Andrew Higginson, speaking at Reuters Consumer and Retail Summit in London yesterday, confirmed the grocer was interested in moving into the Indian market. Higginson said: 'We've spoken to a lot of people. We would like to find a partner because it is not a market we want to do on our own.'
Under Indian laws, single-brand retailers can take up to a 51 per cent stake in joint ventures, but multi-brand retailers can only establish franchises.
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