Target denies rumors that it plans to sell India operations

Minneapolis Target Corp. Monday denied what it called the “irresponsible rumor” that it is engaged in any discussions, or has any plans, to sell its Target India operations, which employs about 2,100 people in Bangalore. The chain said it continues to more deeply integrate the work of its Bangalore teams with its U.S.-based teams, bringing the teams, sites and work even closer together.

“We do not know the source of this ridiculous speculation, but we can absolutely reaffirm that it is unequivocally not true,” said Tim Baer, executive VP and general counsel of Target Corp.

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