Home / Knowledge / News / Apparel/Garments / Pantaloon catapults Aditya Birla Nuvo to pole position
Pantaloon catapults Aditya Birla Nuvo to pole position
01
May '12
The majority stake picked up the Kumar Mangalam Birla-led Aditya Birla Nuvo in the apparel business of Pantaloon Retail has set the stage for a consolidation of the garment retail business in India.

This single move, would firmly catapult the clothing division of Aditya Birla Nuvo - Madura Garments & Lifestyle to pole position and make it the single largest apparel retailer in India.

Under the deal, apparel retail stores under the Pantaloons format will be spun off from Pantaloon Retail, into a separate entity. It is expected that this separate entity will be merged in to Aditya Birla Nuvo in the near future.

While Madura Lifestyle has a strong line-up of men's brands, the acquisition will give the Aditya Birla Nuvo access to a large section of the market like women's and childrenwear categories.

Aditya Birla Nuvo which has in its fold premium garment brands like Louis Philippe, Van Heusen, Allen Solly, Peter England, People and The Collective will buy the stake for Rs 8 billion.

Currently, Pantaloon has 65 Pantaloon stores in 31 cities, besides 21 factory outlets and has a retail footprint of 2 million square feet, with 21 more stores in the offing.

On the other hand, Madura has more than 1,000 exclusive branded outlets with over 1.5 million square feet of retail space. The company's brands are also available in over 100 large format stores like Central, Lifestyle, Shopper's Stop, Reliance and Max, etc.

Speaking about the deal, Kumar Mangalam Birla, chairman of the $35-billion Aditya Birla Group, said, “The proposed acquisition is in line with our strategic intent to be on top of the league and to create the largest integrated branded fashion player in the country through an extension into the value segment."

Kishore Biyani, CEO, Future Group, said, “This marks a unique coming together of brands and enterprise that will create significant value for customers, suppliers and all stakeholders."

Fibre2fashion News Desk - India


Must ReadView All

Courtesy: Rieter

Textiles | On 22nd Aug 2017

Rieter unveils new generation of RDB-D 50 draw frame

Rieter, a producer of textile machinery and automobile components,...

Courtesy: Alizilla

Textiles | On 22nd Aug 2017

‘New Retail’ strategy Alibaba’s focus in next 15 years

Alibaba executive vice chairman Joe Tsai has said that the next 15...

Courtesy: Eurovet/ Interfiliere Shanghai

Textiles | On 22nd Aug 2017

Interfiliere Shanghai to focus on textile printing

Interfiliere Shanghai, the leading trade show for intimates,...

Interviews View All

Mukesh Agarwal & Rajesh Agarwal
Madhuram Fincap Pvt Ltd

Increasing prices and lack of demand main issues facing industry

Pinkesh Jain
Everflow Petrofils Ltd

‘An innovative technology which India needs desperately is the...

Ghanshyam Ghoghari
Kimora Fashion

Bridalwear is not about reds and whites anymore

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

August 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
67.7%
No
16.1%
Skip
16.1%

Total Votes: 31

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
45.2%
No
35.5%
Skip
19.4%

Total Votes: 31

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
83.9%
No
6.5%
Skip
9.7%

Total Votes: 31

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
61.3%
No
9.7%
Skip
29.0%

Total Votes: 31


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search