An alumnus of Bayes Business School, Neville joined Trent Ltd in 2016, initially overseeing packaged food and beverages before managing Zudio, one of India’s leading apparel brands.
Investors with a very long term horizon can buy Trent on market corrections.
In an interview with CNBC-TV18's Priya Sheth, Kishore Biyani, CEO of Future Group said that the company at present has 550 stock keeping units (SKU) and aims to grow up to 1000 SKUs.
With this, Future Group's private FMCG label sales are expected to touch Rs 20,000 crore by 2021.
Tata Group firm Trent Hypermarket and Tesco in December last year won approval of the Foreign Investment Promotion Board (FIPB) to open multi-brand retail stores, but the two may have still not got final approval orders owing to inter- ministerial issues over wording of the nod.
The FIPB has given a quick green signal to the Tesco move to retail with Tata but given a drop in sales in Tesco's nine foreign markets, they are not headed for any quick and significant expansion yet.
The Foreign Investment Promotion Board (FIPB) on Monday cleared Vodafone Plc‘s proposal to hike stake in its Indian subsidiary and approved Tesco‘s proposal to pick up stake in Trent‘s hypermarket subsidiary.