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Valdel opens FamilyMart


The Hindu Business Line, Bangalore October 16, 2003

Bangalore. Valdel Retail Private Limited has announced the launch of its first project, FamilyMart, a value shopping destination Supercentre, located at JP Nagar in Bangalore.

“FamilyMart offers one-stop shopping, food and entertainment for the entire family’, Mr. M J Shantharaam, Managing director of Valdel Group, said.

FamilyMart is spread across four acres with a retailing area of about one lakh sq.ft. It consists of a department store called Centra, a supermarket called Dailys, a food court and entertainment for kids. Other facilities such as book-store, music, bakery, photo shop and beauty salon are part of the total offering at FamilyMart. Mr. Shantharam said. “Parking space for about 350 cars and 400 two-wheelers are some of the details we have been very specific about” he added.

Valdel Retail was established in partnership with Suiwah Corporation of Malaysia in 2002. Suiwah is a public listed company with turnover in excess of $370 million and its main business comprises of supermarkets and department stores in Penang.

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