BOSTON — Wal-Mart will open its first store in India by the end of 2008, under terms of joint venture unveiled Monday with Indian telecom giant Bharti Enterprises.
The move gives the $345 billion Bentonville, Ark. retailer its long-sought entry into India, which has protectionist laws prohibiting multi-brand foreign retailers from opening stores directly. Each company will hold a 50 percent stake in the new venture, Bharti Wal-Mart Private Ltd. Wal-Mart announced in 2006 such a deal was in works.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"