Pantaloon Retail (India) Ltd has informed that the Company has entered into a 50:50 joint venture with C & J Clark International, a Company incorporated in UK, for the Single brand retailing of the "Clarks" branded footwear and allied products.
The joint venture would also be engaged in wholesale business of Clarks branded products in India. The Joint Venture activities would be carried out by a separate joint venture Company.
With this Joint Venture, the Company has taken a strategic business decision to enlarge its business activities and have a better footprint in retail as well as wholesale of branded footwear and allied products in India.
Pantaloon Retail (India) Ltd