Dabur India to double retail outlets

FMCG major Dabur India will look for strategic investors for its retail subsidiary, H&B Stores, which operates New U stores across India. The company would spin off the retail business eventually. With the government opening FDI in retail, Dabur India would essentially look for foreign retailers as strategic investors. There are 50 New U stores across the country, and Dabur plans to double it to 100 over the next three years. The company could also explore entering retail services business in the personal care space. Such boost of the company in retail outlets would be a fresh business opportunity for the signage companies dealing in in-shop displays, designs, fabrications and other related activities.