By  on September 28, 2012

NEW DELHI — In a major move in the Indian retail market, the local franchise of British department store Debenhams is changing hands again.

Speaking about the acquisition of the business operations from previous franchisee Planet Retail, J. Suresh, managing director and chief executive officer of new franchisee Arvind Lifestyle Brands Ltd., told WWD that the new investment would give the company “added growth and strength in the Indian market.”

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