Indian retailer admits errors amid bleak industry outlook
The head of Subhiksha Trading Services, whose stores were looted after it failed to pay staff for months, says his firm is badly in need of an equity infusion because it didn’t manage its balance sheet well. Industry experts are predicting more consolidation and store closures as the folly of aggressive growth strategies becomes clear.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ 4 capital markets databases
- ✔ Daily newsletters across markets and asset classes
- ✔ 2 weekly podcasts