date:Apr 01, 2013
Walmart, the worlds largest retail chain, has referred to the Bharti Retail outlets as franchised in its annual report for the financial year ended January 31, 2013, filed with the US markets regulator, the Securities and Exchange Commission.
While elaborating on its international business, including the cash-and-carry or wholesale stores in a joint venture (JV) with the Bharti group, Walmart has pointed out that the list does not include the franchised retail stores. In India, the (Walmart) bu