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Shoppers' Stop to take over HyperCity

Retailer giant Shoppers’ Stop has announced announced that it will hike its stake in hypermarket chain HyperCity to 51 percent from 19 percent earlier, making the latter its subsidiary. HyperCity operates three stores in Mumbai and one each in Amritsar, Bangalore, Jaipur and Hyderabad. The stake purchase will cost Shoppers Stop approximately Rs 125 crore. Shoppers Stop on its expansion plans following its stake in HyperCity. The company will open 18 flagship stores over 30 months at an investment of Rs 170-200 crore and it would bring a new opportunity wherein in-store signage companies could unfold a new business chapter.

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