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MoneyWorks4Me

Shoppers Stop acquires 49% stake in Gateway Multichannel

15 Nov 2011 Evaluate

Shoppers Stop has acquired 49% of Share Capital of Gateway Multichannel Retail (India) from Hypercity Retail (India). Following acquisition, Gateway has 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.

Peers
Company Name CMP
Avenue Supermarts 3440.00
Trent 3160.00
Vishal Mega Mart 96.00
PN Gadgil Jewellers 622.70
Aditya Birla Life 78.28
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