In an exclusive interaction with IndiaRetailing, Mark Ashman, CEO, HyperCity Retail (India) Ltd said,“HyperCity is pleased to join hands with CMD-MARG, for the launch of HyperCity. This significant development marks HyperCity’s
foray into Chennai, with the commitment to provide consumers an authentic hypermarket experience.”
“The investment for a new store would be around Rs. 8 to 10 crores, depending on store size. The approximate investment plan for the ongoing fiscal on the expansion would be around Rs. 40 to 50 crores,” added Ashman.
HyperCity has plans to reach a target of 35 stores by March 2015.
– Purnima Mehra