Home / Knowledge / News / Apparel/Garments / Vishal Retail to foray into private equity funds

Vishal Retail to foray into private equity funds

10
Mar '08
Vishal Retails is soon to follow the footsteps of Kishore Biyani's Future venture. The company is soon to set up a private equity fund.

This equity fund will buy minority stakes in consumer product companies that will sell their goods through Vishal stores.

The main objective is to sell a variety of brands through Vishal Retail and acquire a share in their profits. Besides, the decision to set up a private equity fund also goes hand in hand with the company's policy to promote private brands.

In an exclusive interview with Fibre2fashion Mr Manmohan Agarwal, CEO, Corporate Affairs of Vishal Retails confirmed the company's decision but refrained from mentioning the brand names saying, “We are into private labels and in house brands. We do not keep external brands in our stores”.

In addition the company has plans to foray into cash-&-carry business in about a year. Of the many strategies taken into consideration, speciality formats like convenience, apparel, restaurants, consumer durables, IT, footwear, lifestyle and home will be given the foremost preference. All the formats will be categorized into separate divisions and will be run by different CEOs.

Mr Manmohan also stated that the company would venture for Real Estate Company, destination store and production houses.
Presently, the company operates over 70 hypermarkets called Vishal Mega Mart and another 20 Fashion Marts. Operational retail space accounts for 20 lakh square feet while the company has engaged an additional 12 lakh square feet to be utilized in about a year's time.


Must ReadView All

Pic: Shutterstock

Textiles | On 19th Apr 2021

NCTO seeks approval for collection of China 301 duties

The National Council of Textile Organizations (NCTO) of the US has...

Pic: Dong Nhat Huy / Shutterstock.com

Apparel/Garments | On 19th Apr 2021

Vietnam's export sectors become M&A targets for foreigners

Vietnam's textiles-garment and leather-footwear sectors are facing a...

Pic: Canada Goose

Apparel/Garments | On 19th Apr 2021

Canada Goose commits to transitioning 90% materials to PFMs by 2025

Luxury apparel maker Canada Goose is committed to transitioning 90...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Opportunity now to reimagine processes & systems in a digital environment

Textile Industry, Head honchos

Textile Industry
Head honchos

Marry craft and utility

Textile Industry, Head honchos

Textile Industry
Head honchos

Increased need for online fitting solutions as retailers shift to...

Siddhant Sinha,

Siddhant Sinha

Set up by Pradeep Sinha, a graduate engineer from Manipal Institute of...

Prakhar Singh,

Prakhar Singh

Morgan Tecnica offers the largest and most modern range of solutions for...

Chendhuran Sundar,

Chendhuran Sundar

Headquartered at Singapore, Crocodile is a global fashion and lifestyle...

Robert Brookins, Alexium International

Robert Brookins
Alexium International

Alexium International is a specialty chemical development company...

Johann-Philipp Dilo, Dilo Group

Johann-Philipp Dilo
Dilo Group

German company Dilo Group is one of the leading equipment suppliers of...

Wolfgang Plasser, Lenzing AG

Wolfgang Plasser
Lenzing AG

The Lenzing Group is an international company headquartered in Austria...

Anjali Bhaskar, Samatvam

Anjali Bhaskar
Samatvam

Samatvam, a womenswear brand that blends age-old craftsmanship with modern ...

Seema Agrawal, Artisan Saga

Seema Agrawal
Artisan Saga

Artisan Saga, founded by Kaushik Rajani and Seema Agrawal, is an online...

Sailesh Singhania, Sailesh Singhania Label

Sailesh Singhania
Sailesh Singhania Label

The Sailesh Singhania label was created to promote handwoven sarees and...

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

Leave your Comments


April 2021

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


Advanced Search