With a view to become a leading office products provider, Pantaloon Retail India has entered into a joint venture with US-based Staples Inc and its new business unit, Future Office.
Looking to set up food courts and specialty restaurants across the country, leading retailer Pantaloon Retail India Ltd has decided to form a joint venture company with Blue Foods Pvt Ltd.
Pantaloon Retail India Ltd said on Monday it has signed a memorandum of understanding with Manipal Health Systems Pvt Ltd to form a joint venture healthcare company.
Pantaloon Retail, the country's largest retailer, is looking at increasing the prices of its apparel products up to 18 per cent, to improve margins in the coming quarters, said a top group executive.
In Nov last year, L&T Finance Holdings had told BSE it was not eligible to be the sponsor of an insurance business, as it was a subsidiary of L&T under the Irda norms
The company's total debt is Rs 5,500 crore (Rs 55 billion) as of December 31, 2012.
Kishore Biyani-promoted Future Group company Pantaloon Retail is hiving off four of its business divisions, including Big Bazaar and Food Bazaar, into independent subsidiaries, keeping the option open for listing them in future. The Board of Pantaloon Retail on Tuesday approved setting up of wholly-owned subsidiary companies for Big Bazaar, Food Bazaar, Speciality Retail Business Activities and Property and Mall Management Division.
Pantaloon Retail (India) Limited, a retail organisation, is recruiting Sales Executives, Head Cashiers, Team Leaders and Supervisors.
Global retail major Wal-Mart's entry into India through an alliance with Bharti Enterprises could change the market dynamics, but domestic player Pantaloon Retail India Ltd appears game to take on the competition.
The country's biggest retailer is splicing and selling businesses as it strives to reduce its mountain of debts. In the long run, his operations need to generate cash flows.
Coming close to Future Retail, after 42 per cent revenue growth.
In a break from the recent trend, retailers, led by Kishore Biyani's Pantaloon Retail (India) Ltd, Raheja-owned Shoppers Stop Ltd and the Lalbhai Group's Arvind Ltd, are experiencing strong growth in the fashion segment, thanks to positive consumer sentiments during the current festive season.
To operate large wholesale markets and imports.
The biggest losers could be from retail space due to concerns over consumer sentiments impacting footfalls and same store sales.
Kishore Biyani's Future Group will hive off its electronics business into a separate company, as continued promotions and increased competition are taking a toll on its margins.
Other fashion formats such as 'Central' mall chain, 'Brand Factory' and 'Fashion at Big Bazaar' remain under Future Group and eye expansion
From the retail pack, Future Group firm Pantaloon Retail surged 32.61 per cent to Rs 209, while Provogue India gained 17.83 per cent to Rs 18.90 on the BSE.
According to the agreement, Pantaloon Retail India, along with its wholly owned subsidiary Future Value Retail, would sell its stake in FCH.
Ventures in areas such as insurance, financial services and logistics valued at Rs 4,500-5,000 crore ; company in talks with PE giants KKR and JP Morgan.
Pantaloon Retail (India) Ltd on Friday said it would set up a joint venture company with Liberty Shoes Ltd for the business of footwear retailing.
Kishore Biyani-promoted Future group's venture capital arm, Future Ventures, has revived its plans to hit the capital market and will be initiating listing formalities by filing a prospectus with market regulator Sebi on Wednesday.
Kishore Biyani's Future Group has seen a turnaround in home retailing after months of decline, on the back of improved consumer sentiments and focused merchandising plans, a key group executive said.
The shareholders have approved sale of the firm's fashion division, including the entire investment in Home Solutions (Retail) India, to its wholly-owned subsidiary, Future Value Retail and sale of its retail division to subsidiary Future Speciality Retail, Pantaloon said in a filing to the Bombay Stock Exchange.
Pantaloon Retail India managing director Kishore Biyani has won the 'International Retailer of the Year' award given by the National Retail Foundation of the US.
Merchandise from the film Krrish will stores on June 13.
Yesterday, we carried the tale of a reader's unpleasant shopping experience and invited you to write in with yours. Here is the first set of responses we've received!
The growing margins suggest that the belt tightening is paying off. For example, the margins of Pantaloon Retail, the country's largest listed retailer, have gone up from 9.2 per cent in June last year to 10.6 per cent in June 2009.Others such as the Raheja-owned Shoppers Stop and Tata Group's Trent, Reliance Retail and Spencer's Retail aren't far behind.
Pantaloon Retail Ltd, the country's largest retail company, and Future Value Retail Ltd, recently carved out from Pantaloon as a 100 per cent subsidiary, plan to issue non-convertible debentures worth Rs 750 crore in the next three-four months, according to sources.
The disclosure comes within days after Kishore Biyani-owned Pantaloon Retail said that same store sales in December dropped for the first time in four years. Analysts were more surprised at the drop in value retailing, which indicated that value retailers were not benefiting from downtrading.
Even virtual world gaming is starting to suffer from real-world problems -- theft of identity and virtual assets, extortion and terrorism.
The company obtained its shareholders' approval for its plans in the extraordinary general meeting held on Tuesday. This is the second time the Kishore Biyani-led Pantaloon is using the QIP route to raise money. The first time was three years ago, when the company raised Rs 260 crore (Rs 2.6 billion) by selling shares to institutions in 2006.
Retail chain set to spin off Big Bazaar, Food Bazaar, create holding firm.
The retail king is back to what he does best: Expand. Future Group chairman Kishore Biyani is planning to add two Big Bazaar stores every month and open 15 hypermarkets over the next six months.
After Pune, the swine flu scare is affecting footfalls and sales in malls and retail stores in Mumbai. Sales in these places have fallen by up to half in the past two days.
The infectious swine flu, is now impacting retail sales, with the Future Group subsidiary Pantaloon Retail witnessing as much as 20 per cent fall in sales, at its Pune and Mumbai stores, the regions which have come under severe grip of the pandemic.
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