Dabur India plans to enter the high-growth organized retail market in India with a retail chain of 350 stores. The board of directors of the company has approved its entry into the retail market through a wholly-owned subsidiary, H&B Stores.According to the release issued by the company to BSE, the company will invest Rs 140 crores by 2010 to establish its presence with a chain of stores on the health and beauty format.As part of its plans to provide a world-class retailing experience to consumers across the country, Dabur plans to establish stores ranging from 1,500 sq ft to 6,000 sq ft in size, offering international quality store environment and product range.Three senior professionals and experts from the global retail industry have been roped in to drive the company's retail foray. These expatriates have retail experience of more than 25 years each, encompassing merchandising, store design and sourcing.V C Burman, chairman, Dabur India said: "Retail is the next big focus area for Dabur India. H&B Stores plans to set up 350 retail stores across India in 5 years and expand it to over 1,000 stores by its 10th year of operation.""The venture is also synergistic with the Dabur's current portfolio of ayurvedic and herbal products and would add significantly to the company's distribution footprint," the release added.
