Bennett, Coleman and Company Limited (BCCL) has acquired a stake in the Pune-based Abbee Consumables and Peripherals Sshope (ACPSL), the company that runs the Abbee Sshope chain of branded cartridge-refilling services.
“Presently, the refilling industry is fragmented. Our retail chain is committed to fulfill the customers’ demand for quality refilling at reasonable price. This deal will help us to achieve our desired standard,” BB Somani, CEO, Abbee Sshope, said in a statement.
Abbee Sshope, which started its retail operations in 2003, presently has five operational stores in Pune, two in Nasik, and one each in Mumbai, Gurgoan, Indore and Bhopal.
The company also plans to open around 1,500 stores across 65 major cities in India in the next five years.