Home / Knowledge / News / Apparel/Garments / Pantaloons plans Rs 1.7bn investment for store expansion
Pantaloons plans Rs 1.7bn investment for store expansion
Jun '13
India’s leading apparel retailer Pantaloons Fashion and Retail Ltd. is planning to invest up to Rs 1.75 billion in the next 12 months time for store expansion in small towns of the country.
The company that has recently undergone a change in ownership from Future Group to Kumar Mangalam Birla-led Aditya Birla Nuvo Ltd has plans to open minimum of one store per month, although the target is to open 15 retail stores in the coming 12 months.
The opening of each new outlet would cost around 150 million, Shital Mehta CEO of the company told PTI, according to an Economic Times report.
Mr. Mehta said the company, which is involved in the entire design-to-delivery chain, will focus its new investment plan on the smaller cities and towns of India. With a wide range of affordable fashion and ethnic wear, Pantaloons will target the young customers in India, he added.
Pantaloons has recently launched its first store under the new investment plan in the north Indian city of Chandigarh. Dehradun, Pune and Kalyan are among the cities that are in the pipeline for opening of new retail stores.
Speaking on the change in ownership, Mr. Mehta said the plan is to work on the inherent qualities of Pantaloons to turn it into a brand with modern store format.
Pantaloons Fashion and Retail Ltd. is India’s retail pioneer catering to the entire Indian consumption space with 71 stores across 35 cities in India.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 19th Jan 2017

Pakistan imposes duty on Indian fine cotton yarn

A provisional countervailing duty ranging from Rs 26.89 to Rs 55.8 a...

Textiles | On 19th Jan 2017

Union Budget: Textile sector expects excise duty revisions

Excise duty on man-made fibres should be reduced to bring it on par...

Union textiles minister Smriti Irani at the inauguration of IIGF in New Delhi with textiles secretary Rashmi Verma and other dignitaries. Courtesy: PIB

Apparel/Garments | On 19th Jan 2017

Ministry to reimburse apparel exporters for state levies

The textile ministry has received a sum of Rs 500 crore from the...

Interviews View All

Vasanth Kumar
Max Fashion India

‘Traditional high-street retailers are now willing to offer franchisees to ...

Victor Chao

‘In future, clothing boundary lines will become increasingly blurred.’

Nitin Soni
Dolphin Jingwei Machines

Taxation policies need to be made simpler

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Marten Alkhagen
Swerea IVF AB

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

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Pranav Mishra

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

January 2017

January 2017

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


Browse Our Archives


Subscribe today and get the latest News update in your mail box.
Advanced Search