Pantaloon forms equal JV with UK firm
Pantaloon Retail, India’s largest listed retailer, said on Friday it had formed an equal joint venture with UK-based C & J Clark International to sell branded footwear and associated products. The joint venture would also engage in wholesaling of Clarks branded products in India, it said in a statement.
Pantaloon Retail (India) Limited, is a large [...]
Pantaloon hits FII limit, no further buying of shares allowed: RBI
The Reserve Bank today said foreign institutional investors cannot purchase shares in Kishore Biyani-promoted Pantaloon Retail anymore as the company has hit the FII limit. “No further purchases of shares of Pantaloon Retail would be allowed in the stock exchanges in India on behalf of FIIs/NRIs/PIOs,” RBI said in a release.
The RBI direction came as [...]
Future Group Co-Creates Private Brands with Celebrities
Move over brand ambassadors, the latest mantra for promoting a brand appears to be co-creation. And retail major Future Group seems to be making the most by co-creating its private brands. Instead of an endorsement fee, the celebrity involved in brand co-creation, will get a pie in the revenue of the product, said sources close [...]
Future Group’s Home Solutions to merge with Pantaloon Retail
Kishore Biyani’s Pantaloon Retail is merging Home Solutions Retail with itself. Home solutions three store formats and brands – Ezone, Collection I and Home Town, under which it retails different products, will merge into Pantaloon. Ezone specializes in consumer durables and electronics, Collection I specializes in high end furniture and furnishings and Home Town is [...]
