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Pantaloon sets higher retail ambition

19
Nov '05
Leading manufacturer and retailer Pantaloon Retail (India) ltd plans to achieve a turnover of Rs 8,000 crore by the end of 2008 besides increasing its retail presence across the country.

The Managing Director (Kishore Biyani) of the company informed that they are we expecting to achieve a turnover of Rs 8,000 crore by the end of 2008.

He added that the company plans to launch eight Big Bazaars in the next 6-8 months besides increasing Food Bazaars by 50 in the next 12-18 months.

The company is also eyeing a larger pie in the modern retail segment within the next three to four years.

Biyani added that they plan to increase their share in modern retail to 10 per cent in the next three to four years.

India's leading fashion retailer Pantaloon was converted into a public limited company on September 20, 1991 and on September 25, 1992 the name was changed to Pantaloon Fashions (India) Limited and the same time it went public and today it has approximately 14,000 shareholders.

The Economic Times


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