Spencer's Retail to break even by 2011
Jan 22 2010 , Kolkata
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.