InterGlobe goes for retail stores and varsity

InterGlobe Enterprises Ltd, which runs budget carrier IndiGo, has planned to launch a university with a Canadian partner and open retail stores in a JV with a Swiss retailer as part of a diversification effort. The $1.09 billion company, which also sells business jets, operates hotels, runs an airline distribution system, and supplies travel software, will launch a university in Delhi in collaboration with the Ontario-based University of Waterloo, and team up with Dufry AG to open a chain of small retail stores. Unveiling of such high-end stores would bring in a fresh business for the signage companies dealing in in-shop displays and other related activities.