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InterGlobe in talks to exit news cafe business at Delhi Metro

DELHI

InterGlobe Enterprises, which runs IndiGo airlines, is talking to potential buyers for its Hudson News Café convenience stores at Delhi Metro stations, two people familiar with the negotiations said.

“Retail is not its (Interglobe’s) core business,” said one of the two people. “The move is indicative of their exit from retail altogether.” Both the people declined to be named.

InterGlobe Retail has been looking for a buyer for its retail business started in 2011 with travel retailer Hudson in India through a franchise agreement with Swiss company Dufry AG, owner of the Hudson Group.

Full report here Mint

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