Walmart and Bharti end joint venture
- Published: 9 Oct 2013 at 14.49
- Online news:
Global retail giant Walmart and Indian firm Bharti said on Wednesday they were ending their partnership in the country's retail sector and would now operate separate businesses.
A view of the Bharti Walmart Best Price wholesale store in Manawala, outside Amritsar, pictured on September 19, 2012
The companies said in a joint statement that they would "discontinue their franchise agreement in the retail business" in India and would "independently own and operate separate business formats".
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