In the seven months of FY19 operations at its first store in Hyderabad, the Swedish retailer generated revenue of Rs 407 crore, although initial investments caused a loss of Rs 685 crore in FY19. The retailer, known for its ready-to-assemble products, had incurred a net loss of Rs 368 crore in FY18 on long-term corporate expenses.from Industry-Economic Times
Read The Rest:economictimes...
