Out Shopping
Kishore Biyani- led Future Retail acquired HyperCity Retail in a `655-crore deal – part cash and part share consideration. HyperCity Retail is owned by Shoppers Stop – which has a 51 per cent in it – and K Raheja Corp. HyperCity operates 19 bigbox premium retail stores in cities such as Mumbai, Delhi, Bangalore and Hyderabad. Future Retail, which owns Big Bazaar, has been on an acquisition spree lately. Some of the other retail networks it has acquired recently include Easyday, Big Apple, Heritage Fresh and Nilgiris.