Coca Cola and Indian School of Business (ISB) signed a memorandum of understanding (MoU) to set up a retail academy at the latter's campus here, officials said on Monday. The CC ISB retail academy will offer a six-month programme to train mid-level professionals in retail management. A governing council comprising retail practitioners and academicians will govern the strategic retail management programme. The academy will also conduct retail research and online training. The first session of the programme will commence in June with 50 professionals. The intake will be scaled up in the next three to four years, ISB dean Ajit Rangnekar said adding the course fee would be Rs.5,00,000 and the eligibility is minimum four years of work experience.