Pantaloon news and archive

Global brands replacing Indian ones in malls across India

Malls in India are opting for international brands as these firms giving back higher rents and bring in a new set of customers. In this process, malls have been replacing domestic brands. International brands have been replacing Indian brands across India, says a report. Oberoi Mall in Mumbai recently shrank the size of its erstwhile anchor...

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Business

Aditya Birla merges retail biz to create two bn dollars entity

Kumar Mangalam Birla-led Aditya Birla Group has finally announced the merger of its two retail arms — the Aditya Birla Nuvo-owned fashion retailing business with Pantaloons Fashion & Retail. The merger has led to the launch of Rs 12,000 crores (around two billion dollars) branded apparel entity called Aditya Birla Fashion & Retail (ABFRL). As...

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Business

Aditya Birla to merge More and MFL into Pantaloon

As reported earlier, the Aditya Birla Group may soon merge its two loss-making unlisted entities, Aditya Birla Retail, which runs More retail chain, and Madura Fashion & Lifestyle into Pantaloon Fashion & Retail, a listed entity. Sources suggest that the board of Pantaloon may meet next week to take a decision on the merger proposal. The...

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Business

Big retailers push sales of high-margin private labels for growth

Big names from India’s apparel retail industry like Aditya Birla Retail, Bharti Retail, Reliance Retail to Future Group are focusing on high margin private labels at their stores, which are making an adverse impact on the sales of popular brands. Not only offline retailers but online fashion portals like Myntra, Jabong and others too are also...

Apparel

Positive sentiment leads to shorter end of season sale

This year, the consumers, finally seem to have loosened their purse strings. And it has brought cheer to apparel retailers and brands, so far reeling under pressure to keep the registers ringing. They have now decided to roll back the monsoon discount season sooner than the earlier discount seasons. Retailers plan to reduce the discount period...

Apparel

Pantaloons focuses on in-house brands to boost margins

After acquiring a majority stake in Future Group’s fashion retail business Pantaloons, Aditya Birla Nuvo (ABNL) is focusing on revamping its product mix by cutting down external brands. At the same time it’s launching more of its own brands on its shelves. The retailer has also increased prices as it aims to grow by boosting sales. The company...

Apparel

RBI green signals FIIs to buy Pantaloon shares

The RBI has allowed FIIs to buy shares in Pantaloon Retail as the foreign shareholding in the Future Group firm dived below the prescribed limit. Removing Pantaloon from its ban list, RBI has said that the foreign share-holding by Foreign Institutional Investors (FIIs) in Future Retail (Pantaloon Retail) has gone below the prescribed threshold...

Apparel

Pantaloon aims to increase store count to 150 in two years

A slump in the economy and low consumer buying has not affected the retail expansion plans of Pantaloon Fashion & Retail, now owned by the Aditya Birla group. The company aims to increase its store count from 77 to 150 in 2 years. It has also announced double-digit increment to its workforce. Media reports suggest that after picking majority...

Apparel

Aditya Birla Nuvo’s Q2 net profit at Rs 2,184.60 million

In its financial results for the quarter ended September 30, 2013, Aditya Birla Nuvo has registered a net profit of Rs 2,184.60 million against Rs 963.20 million for the quarter ended September 30, 2012. Total income stood at Rs 22,597.70 million for the quarter compared to Rs 25,842.20 million for the quarter ended September 30, 2012. The group...

Apparel

Pantaloon hands over its creative to Everest

Everest Brand Solutions has bagged the creative duties of Pantaloon Fashion and Retail, now a part of the Aditya Birla Group. The agency also handles the account group’s retail chain More. The account will be handled by Everest’s Mumbai office. Earlier a part of the Future Group, which sold a majority stake in Pantaloon to Aditya Birla Nuvo, the...

Apparel

Revamped look in the offing for Pantaloon

After acquiring a controlling stake in the Rs 1,600 crores Pantaloon Fashion and Retail (Pantaloon) from Future Group, Aditya Birla Nuvo plans to provide a new refreshed look to its product range. The group would invest around Rs 150 crores to carry out expansion and renovation plans this fiscal. In the June quarter, Pantaloon registered a net...

Apparel

Future's stock plummets during its trading debut under new name

Future Retail (FURE.NS) shares have fallen as much as 42.8 percent Friday, first day in which the stock started trading after the retailer's fashion brands were banded up into a separate business unit. Late in 2012, Pantaloon Retail Ltd, and Future Ventures India (FVIL.NS) agreed to demerge their fashion businesses into a new listed unit that...