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Leading liquor maker Diageo has decided to hike its stake in United Spirits to 55 per cent, a company it had acquired in 2012. Diageo had initially announced plans to acquire a 53 per cent stake in United Spirits for about Rs 11,000 crore in November 2012. However, Diageo was unable to achieve its target with its open offer to acquire a 26 per cent of USL at Rs
Plans to further expand network by 20 stores, shortly
Also plans to grow in smaller towns.
Plans to expand presence in smaller towns, too
Plans to set up brick-and-mortar stores, shortly
Estimated cost of acquisition is Rs 175 crore
Plans to open 60 stores in tier-II-and-III towns, shortly
Eyes growing NRI market in that region
Will also invest in improving its supply chain network
Mainly targeted at customers overseas
Plans to grow its turnover to Rs 600 crore over the next one year.
Plans to strengthen its e-commerce operations
Eyes 24 per cent sales growth.
Aims to expand its distribution network to 250 sales outlets in the country.
FDI in single brand does not permit online sales
Also in talks with Arvind Brands for opening its first brick-and-mortar store.
Plans 100 stores in the country by 2016
New stores likely to open in southern and western region
Funds raised would be utlilised to expand this icons’ store network.
New stores would be largely located in West Bengal and Orissa.