Smartphone maker Xiaomi and Bengaluru-based retailer Sangeetha Mobiles are in talks to acquire the 300-odd stores of Essar Group’s cellphone retail venture The Mobile Store, which is winding up operations due to working capital challenges in the absence of any fresh infusion from the parent. If talks fructify, Xiaomi would use a local partner to acquire the business and convert the stores into its exclusive ‘Mi Home’ outlets. According to source, both Xiaomi and Sangeetha Mobiles are hopeful of sealing the deal. This collaborative move will bring a fresh business opportunity for the signage companies whose activities involve in in-store branding and graphics.
