Shopper Stop Limited and HyperCity retail chain owners, the Raheja group has tied up with UK based retailer Argos to introduce the concept of home retailing in India.
The chain will start its first store in Mumbai and will operate under the name “HyperCity Argos“. It is not very clear if this venture will be part of Shoppers Stop Ltd, public listed entity.
Earlier this Month, India’s number one retailer, Pantaloon Retail had announced to us exclusively their plans to setup Home Town Stores.