Future Retail: Synergy gains in HyperCity acquisition

Future gets premium retail chain; Shoppers Stop pares debt

Ram Prasad Sahu 

The deal between Shoppers Stop and Future Retail is a win-win outcome for both sides as it helps the former bring down its debt and focus on the departmental store format while enabling the Future Group expand its presence at a reasonable cost.    Manish Jain of Nomura believes there are a number of synergies between the two (Future Retail and HyperCity) given primary focus on food/grocery and fashion.    About 40-65 per cent of merchandise for the two retailers falls in the grocery segment, while the proportion of fashion/apparel is in the 17-30 per cent ...

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First Published: Fri, October 06 2017. 01:07 IST