The new promoter of Pantaloons, Aditya Birla Nuvo has announced the company is planning Rs 150 crore to expand and renovate this apparel chain by end of this financial year. The announcement was made during the Aditya Birla Nuvo Qtr results display. The company is also looking to reshuffle its portfolio, currently; the company portfolio includes niche names in menswear including Louis Philippe, Van Heusen, Allen Solly, Peter England, People and Linen Club. With the recent acquisition of Pantaloon the company has emerged as the largest branded apparel player in India.
Aditya Birla Nuvo to invest Rs 150 cr in renovation