Argos teams up with HyperCITY

It has been confirmed that the Home Retail Group has signed a franchise agreement with K Raheja Group to establish a retail format for its Argos brand. The K Raheja Group is one of the country's leading retail groups with a variety of retail formats such as a department store brand called Shoppers' Stop, a hypermarket brand called HyperCity, a bookstore brand called Crossword, a home decor brand called Home Stop and many others. To develop the Argos brand in India, the company will be establishing a HyperCITY-Argos brand which will be first launched in Mumbai as a store as well as a catalogue.