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Debdatta Das, New Delhi
The Hindu Business Line
Jumping on to the retail revolution bandwagon this time is HyperCity, the K. Raheja Group-promoted hypermarket chain that is all set to go on a major expansion spree with an investment of almost Rs 300 crore.
"We are planning to open a total of 20 HyperCity outlets by early 2009," said Andrew Levermore, CEO, HyperCity Retail (India) Pvt Ltd. On investments required to set up the 20 outlets, Levermore said that each outlet required around Rs 15 crore, over and above the real estate costs.
At present, the retail chain has one 1.2 lakh sq. ft outlet in Mumbai, and its expansion plans also include opening outlets in cities such as Lucknow and Aurangabad, apart from tier-1 cities such as Delhi.
HyperCity, with around 38,000 stock keeping units, has also tied up with many domestic and global brands.
It already has an exclusive supply tie-up with Waitrose, the food shop of the UK-based retailer John Lewis Partnership.
Debdatta Das, New Delhi
The Hindu Business Line
Jumping on to the retail revolution bandwagon this time is HyperCity, the K. Raheja Group-promoted hypermarket chain that is all set to go on a major expansion spree with an investment of almost Rs 300 crore.
"We are planning to open a total of 20 HyperCity outlets by early 2009," said Andrew Levermore, CEO, HyperCity Retail (India) Pvt Ltd. On investments required to set up the 20 outlets, Levermore said that each outlet required around Rs 15 crore, over and above the real estate costs.
At present, the retail chain has one 1.2 lakh sq. ft outlet in Mumbai, and its expansion plans also include opening outlets in cities such as Lucknow and Aurangabad, apart from tier-1 cities such as Delhi.
HyperCity, with around 38,000 stock keeping units, has also tied up with many domestic and global brands.
It already has an exclusive supply tie-up with Waitrose, the food shop of the UK-based retailer John Lewis Partnership.