Wednesday, October 17, 2007

Should Biyani be even worried about advocates of the Devil like us?

At least, he never gave anything away in any of his meetings withThe Gladiator’s Curse us. “We have been a pioneer in many of the formats of retailing earlier; and we will continue to be so in the future,” he confidently asserted to B&E in our previous meeting. Look at the situation from his perspective – Pantaloon continues to ride the organised retail boom, thanks to the compelling ‘pioneer’ advantage. For the nine months ended March 2007, the company has continued meteoric rise to register profits of Rs.23.6 billion (yoy growth of 63.8%). Profits after tax were equally encouraging at 110% to reach Rs.1 billion. And Kishore Biyani has even been christened The International Retailer for the Year 2007 by the US National Retail Federation. Why in heavens should he even care two hoots about doomsday specialists?
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Source: IIPM Editorial, 2006

An IIPM and Management Guru Prof. Arindam Chaudhuri's Initiative

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