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Pantaloon's retail to complete re-structuring by February

Pantaloon Retail (India) Ltd (PRIL), in the hope of becoming a pure retail player is re-structuring its business by hiving off retail divisions, Big Bazaar and Food Bazaar into a wholly owned subsidia


December 19, 2009  |  comments ( 2 )  | 
Pantaloon's retail to complete re-structuring by February

Pantaloon Retail (India) Ltd (PRIL), in the hope of becoming a pure retail player is re-structuring its business by hiving off retail divisions, Big Bazaar and Food Bazaar into a wholly owned subsidiary. This process is set to be completed by January-February 2010. Its main aim is to efficiently use capital for greater flexibility in expanding retail operations, and maintain a pure retail identity as against the one earlier which was partly non-retail. The retailer is also looking to unlock value in the financial services business that includes Future Capital, this year. The overall restructuring is slated to take up to six months. Pantaloon Retail is looking at investing Rs 360 crore this fiscal for its retail space expansion. Currently, Pantaloon operates over 12 million sq. ft of retail space across the country under formats, such as Pantaloons, Central, Big Bazaar, Food Bazaar, Home Town, Ethnicity and others.  


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Rohan Sethi December 13, 2010 at 1:26 am

Dear Sir/Madam, The scope for a 2 tier city in such retail stores is expanding.So i am looking for a franchisee or retail store in Jabalpur(M.P.).Please revert me back if interested. Regards, Rohan Sethi

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rituraj February 15, 2010 at 5:45 am

dear sir, we have a space of 15000 sq.ft. in the heart of our city Jamshedpur. we are interested in giving out this place on lease or any other agreement as will be mutually agreed upon for such retail outlets as yours. pls. respond if interested. thanking you. Regards, Rituraj

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