Home / Knowledge / News / Apparel/Garments / Pantaloons to invest Rs 150 crore & add 20 new stores
Pantaloons to invest Rs 150 crore & add 20 new stores
18
Aug '14
Aditya Birla Nuvo managed - Pantaloons Fashion & Retail Ltd will invest Rs 150 crore to add 18-20 more new stores in this fiscal year.

At present, Pantaloons operates and manages 83 large format stores across India.

Pantaloons will also refurbish 21 stores through infrastructure and assortment upgrade, Business Standard reported.

Last month, Pantaloons said it plans to raise up to Rs 500 crore through various means, including a rights issue this year to fund its growth capital requirements.

Out of the aggregate amount of Rs 500 crore, up to Rs 300 crore is proposed to be raised through rights issue, it added.

For the quarter ended June 30, 2014, Pantaloons reported revenue of Rs 386 crore.

In 2012, Aditya Birla Nuvo Ltd entered into an agreement with Kishore-Biyani led Future Group to acquire a majority stake and infuse Rs 1,600 crore into the Pantaloons store chain.

Fibre2fashion News Desk - India


Must ReadView All

Courtesy: ICTSD

Textiles | On 6th May 2016

EU, US negotiators push to complete TTIP deal in 2016

European and US negotiators for the Transatlantic Trade and...

Courtesy: Kate Spade & Co

Apparel/Garments | On 6th May 2016

Kate Spade & Co’s net sales up 14.5% in Q1 2016

Kate Spade & Company, owner of two lifestyle brands – Kate Spade New...

Courtesy: Aeropostale

Apparel/Garments | On 6th May 2016

Aéropostale to use bankruptcy filing to revamp business

American specialty retailer of casual apparel and accessories,...

Interviews View All

Dinaz Madhukar
DLF Emporio and DLF Promenade

How do you see the competition from e-stores? What is the marketing...

Rahuul Jashnani
Jashn

What is the size of the ethnicwear vertical in India? How are Indian...

Thomas Waldmann
VDMA Textile Machinery Association

What is the current market scenario for German textile machineries,...

Mr G V Aras
A.T.E Enterprises Pvt Ltd

Armed with an M.Text and a Post Graduate Diploma in Marketing Management,...

Dr MP Agarwal
Shri Lakshmi Cotsyn Ltd

Dr MP Agarwal is the Chairman & Managing Director of Shri Lakshmi Cotysn...

Kerem Durdag
Biovation II LLC

<b><i>Kerem Durdag, CEO, Biovation II LLC, provides an insight into future ...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Karan Arora
Karan Arora

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

Pranav Mishra
Huemn

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


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
April 2016

F2F Magazine

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

SUBSCRIBE


Browse Our Archives

GO


feedback
We would love to hear from you about your experience using the new interface. A quick review of yours would help us give you a better experience.
Advanced Search