Financial Times FT.com

Argos venture in India terminated

By Tom Braithwaite

Published: January 28 2009 22:50 | Last updated: January 28 2009 22:50

Argos is to pull out of India less than two years after Home Retail Group, owner of the online and catalogue retailer, trumpeted the growth prospects of south Asia.

The company said the Indian venture, a franchise arrangement with the country’s Shopper’s Stop and HyperCITY retail groups, had been abandoned after failing to meet targets.

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