Saturday, January 13, 2007

UK’s Home Retail Group declines comment on India report

Could one more UK company be heading our way? There has been talk about Home Retail being interested in the Indian market although it has now decided not to comment on the issue. In a report in Yahoo News, UK’s Home Retail Group declined to comment on reports in the media that its division, the Argos catalogue was close to signing a joint venture deal in India. Retail Week, a trade magazine had reported that Argos could be signing a deal with the K. Raheja Corp. that owns the Shoppers’ Stop and HyperCity brands.

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