Magazines Archives - 2007 April

Shoppers’ Stop to buy 19% of HyperCity
 Story 6

SHOPPERS’ STOP has made known its plans to buy 19% of HyperCity Retail India by exercising part of an option it has to acquire 51% of the firm.

HyperCity Retail, currently part of K Raheja Corp, operates a 120,000- sqf store in Mumbai selling products from groceries to consumer durables. It plans to expand its network to 55 hypermarkets across the nation by 2015 in tier I and tier II cities’ middle-class areas, reported the local media.

The two companies previously signed a memorandum of understanding with leading UK retail chain Home Retail to develop the Argos format stores in India.

  



2007 April Stories:

Developing economies spearhead retail sales growth in the region

Seiyu expects to recover from the red with gains

Tangs to make regional forays, beginning with KL

Vietnam to modernise in hopes of generating higher retail sales

Metro to build largest store in China

Daimaru’s purchase of Matsuzakaya will create largest Japanese store chain

Shoppers’ Stop to buy 19% of HyperCity

FJ Benjamin acquires exclusive rights to retail Celine in South-east Asia

edc takes first bow outside Europe in S’pore

Li & Fung buys Tommy Hilfiger’s sourcing operations

Sweden’s H&M opens in Asia

Landmark embarks on growth path in Kolkata

China sees fastest sales rise in 2 years

Aeon buys a stake in flagging Daiei

7-Eleven cash exchange round the clock




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