Price-Wizard Shopping News:
Argos Close To Deal On Stores In IndiaAccording to Retail Week, the trade magazine, Argos is said to be just weeks away from signing a joint venture deal with K Raheja Corp, an Indian retailer, that will see it open stores in India.
It is understood that after talking with several potential partners in India, Home Retail Group, which operates Argos, is now in exclusive negotiations with K Raheja, an Indian retail group which operates Shoppers Shop, a department store chain and HyperCity, an up-and-coming chain of hypermarkets.
While Shoppers Shop has been reported as already having franchise deals with both Austin Reed and Mothercare, other UK retail operators, including Next, Debenhams and Marks & Spencer are all still seeking to enter the Indian market.
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