Shoppers Stop's arm opens three new Hypercity stores

19 Nov 2011 Evaluate

Shoppers Stop's subsidiary company - Hypercity Retail (India) in which the company holds 51% stake, has opened its stores at Bangalore, Pune and Ahmedabad. With the opening of this store, there are now 12 Hypercity stores.

Recently, Shoppers Stop had acquired 49% of Share Capital of Gateway Multichannel Retail (India) from Hypercity Retail (India). Following acquisition, Gateway had become 100% subsidiary of the company with effect from November 14, 2011.

Shoppers Stop is engaged in the retailing business. It runs a chain of departmental stores with brands including Shopper’s Stop, Home Stop, Crossword, Cafes and Restaurants etc. The company has 47 Shoppers Stop stores including two airport stores under its operation.

Shoppers Stop Share Price

739.40 -10.85 (-1.45%)
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