Pantaloons Fashion & Retail Ltd will be investing up to Rs 175 crore in the next 12 months on store expansion across India, mainly focus in smaller towns. The company is targeting to open at least one store per month in the next 12 months at an investment of up to Rs 15 crore per outlet. Pantaloons Fashion & Retail Ltd CEO Shital Mehta said, while metros would continue to be part of the strategy, the company is targeting smaller cities and towns. Pantaloons have 71 stores across 35 cities. Pantaloons has about 20-25 “power house brands” which could be developed into standalone labels in future and even open independent outlets for them. Last year, Aditya Birla Nuvo Ltd had entered into an agreement with the Future Group to infuse Rs 1,600 crore into ‘Pantaloon’ and acquire a majority stake in the store chain and later demerge it to be listed as a separate entity.
Project Value
INR 175 Crore /-
Conceptual Stage
Not Specified
India
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