Shoppers Stop open to foreign tie-ups for food, grocery

In the wake of government deciding to allow FDI in multi-brand retail, Shoppers Stop is open to strategic tie-ups with foreign retailers, particularly in the food and grocery segment. The firm that runs hypermarket formats under the 'Hypercity' brand is more interested in a foreign partner for sourcing and logistics. For a strategic purpose in terms of sourcing and logistics strength of a foreign partner, it would definitely interest the company to look at various options available. International players can bring in best practices in logistics and supply chain, that will benefit an Indian retailer. Shoppers Stop's a subsidiary Hypercity Retail currently operates ten hypermarkets across India. Hypercity Retail is at present registering losses and expected to break-even by 2013. Recently, government had approved 51% foreign direct investment (FDI) in multi-brand retail and 100% FDI in single brand.

Company Name	CMP
Avenue Supermarts	3687.90
Trent	2804.40
Vishal Mega Mart	101.50
Aditya Birla Life	83.43
PN Gadgil Jewellers	613.50
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Company Name

CMP

3687.90

2804.40

101.50

83.43

613.50

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