Future Retail will fully acquire Travel News Services India (TNSI) in a Rs 100 crore deal. This step will help the company to consolidation further its retail business. Through this deal, Future Retail will have access to global retail brand ‘WH Smith’ as its license is being held by TNSI.
The acquisition will help the company to further expand its presence at airports, metro stations and universities where the majority of retail outlets of TNSI and TNSI Retail are operating.
Future Retail offers food and grocery categories, fresh fruits and vegetables, meat and poultry, dairy products, staples, FMCG and processed foods, electronics and appliances, clothing and footwear, furniture and furnishing, and other household articles.
