Private labels, new retail formats to drive Future Group
By FashionUnited
loading...
Headquarters, which is positioned as a retail offering includes Daniel Hechter, a premium French brand that was launched in India last year, techno formals brand Urbana and Indigo Nation. Pantaloon, which owns a 68.3 per cent stake in Indus League Clothing, will support the strategy with its premium formalwear private label Lombard and the Future Brands-owned mid-priced brand John Miller.
Such a strategy also stems from the company’s need to optimally invest in its eight apparel brands. Although the company will continue to set up flagship outlets for its in-house formalwear brands, an umbrella offering will boost retail ramp up and is expected to collectively aid the brands’ equity. Headquarters was piloted in Kolkata in December last. It is being expanded to 6-8 outlets of 2,000- 3,000 sq. ft. area this year in cities like New Delhi, Bangalore, Nagpur and Hyderabad.
Incidentally, Aditya Birla Nuvo’s apparel arm Madura Garment’s too had set up Planet Fashion in 2001 as a multi-brand retail vehicle for its own menswear brands. In recent years, Planet Fashion has opened doors to non-Madura brands such as Levis Strauss, Monte Carlo and ethnic label Manyavar in a bid to offer a complete menswear portfolio.