Victory for Alpha and Nuance signals breakthrough in India

Gavin Lipsith

18-Dec-2006

Alpha-Pantaloon appointed at Delhi | Nuance-Shoppers’ Stop claims Bangalore victory | Contracts valued at over $100m each | Hyderabad launches request for proposals

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INDIA. The frenetic pace of development in the Indian duty-free market quickened this month as Alpha Airports Group and The Nuance Group emerged as the first international travel retailers to........

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(25-Apr-2007) -
(15-Nov-2006) - The partnership between global travel retailer Alpha Airports Group and Indian domestic retail conglomerate Pantaloon Retail has won the Delhi tender, valued at $110.6m
(6-Nov-2006) - The retailer is seeking approval to spend up to $4m on a joint venture to operate duty-free stores at the country’s airports
(15-Jun-2006) - INDIA. The Nuance Group has signed a memorandum of understanding with Indian domestic retailer Shoppers' Stop with a view to creating a 50:50 joint venture to bid for duty-free contracts at Indian airports
(9-Jun-2006) - The retailer has set up a 50:50 joint venture with domestic retailer Shoppers' Stop with a view to submitting bids in the upcoming wave of Indian airport tenders