Lowe’s To Enter Indian Market

Lowe’s, the second-largest multibrand home improvement company worth $50 billion, is close to sealing a partnership with Reliance Retail in India. Talks between Reliance and Lowe’s are at a fairly advanced stage, although the proposal hasn’t gone to the boards of the two companies. The plan is to have two companies: a cash-and-carry venture where Reliance is likely to have majority stake and a front-end retail venture, owned and managed by Reliance Retail.