Argos is signing a JV deal with the K Raheja Group to open stores in India. Argos is Britain’s leading catalogue retailer and sells general merchandise and products for the home from over 670 stores throughout the UK and Republic of Ireland, online and over the telephone. In the last financial year, Argos sales topped £3.8 bn. Argos serves over 130 mn customers a year through its stores and takes 4 mn orders either online or over the phone. Argos is owned by the Home Retail Group. Real estate and retail major, the K Raheja Group owns Shoppers’ Shop, a department store chain and HyperCity, a fledgling hypermarket chain.
Read more details in The Economic Times.
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