Spencer's Retail to break even by 2011

Tags: Spencer, Retail
Spencer's Retail Ltd, a 100 per cent subsidiary of CESC Ltd, expects to break even by 2011, a top company official today said.

Spencer's is making losses, but they are declining over time, CESC Vice-Chairman Sanjiv Goenka told reporters here today.

"We intend to break even by 2011," Goenka said, adding that the company is expecting a turnover of Rs 95 crore per month.

He said the company is also in talks with private equity players to raise funds, but nothing has been finalised as of now.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • Those willfully defaulting on loans should be blacklisted by Sebi

    As reported by this newspaper’s Monday edition, the Securities and Exchange Board of India (Sebi) has found merit in the Reserve Bank of India’s s

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Arun Kumar Jain

Kickstarting technological innovation

One of the key dimensions of global competitiveness is the ...

Kuruvilla Pandikattu SJ

Developing moral, spiritual capacity

Writing in The Huffington Post, Noam Chomsky, professor emeritus, MIT ...

Gautam Gupta

Manufacturing must keep workers’ welfare in mind

It may be early days yet, but the labour reforms ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture