Saturday, 20 June 2015

Shop CJ on the verge of expansion in Karnataka

After establishing warehouses in Delhi and Mumbai, the Korean home shopping player, Shop CJ is now planning to expand its distribution network in Bangaluru.
“We have set up a warehouse in Bengaluru and this is the third such warehouse apart from the ones we have in Gurgaon and Navi Mumbai,” Shop CJ Director and CEO Kenny Si Yeol Shin said. He also added that the company yields around 6-7 % of its sales from Karnataka and 10 per cent from South India.
Shop CJ Network, formerly known as STAR CJ Network India is a 50:50 partnership venture between the South Korean home shopping player, CJO Shopping Company and US-based Providence Equity Partners group. It has a warehouse each in Delhi, Mumbai and Bengaluru sprawling over an area of over 2.5 lakh sq feet. 
In a recently held press meet in Telangana, the company revealed that it will launch its Telugu and Tamil broadcasting by early 2016 and will also tie up with MSO in Kerala, in addition to the other four southern States. The company already has tie ups with both DTH and cable TV providers in West and North India.
Sourcehttp://cablequest.org/news/national-news/item/7227-shop-cj-on-the-verge-of-expansion-in-karnataka.html

Source: http://cablequest.org/news/national-news/item/7227-shop-cj-on-the-verge-of-expansion-in-karnataka.html

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