The K Raheja Group is one of the leading retailers in India, with it's brands Shoppers' Stop and HyperCity. It's department store brand Shoppers' Stop is the top selling and most popular retail brand among consumers. It is the one brand that has recognition from even those people who are not their shoppers. With their reach and popularity, there were media reports that the company could be tying up with US based coffee chain Starbucks, but ultimately the Seattle based company tied up with the K Raheja Group's main competitor the Pantaloon Group.
Reuters reports that the UK's Home Retail Group is looking to coming to India via its Argos chain of stores. According to Richard Ashton, Finance Director of the Home Retail Group, "India is a possible area we'd consider in the future. We're not active there, but we're keeping an eye on it." There have been reports in the media that the company was tying up with the K. Raheja Corp, which runs one of the leading departmental chain stores Shoppers' Stop as well as the country's leading hypermarket, HyperCity.
No comments:
Post a Comment