Tuesday, May 26, 2009

Future group and Turtle?

Another one for Pantaloon India (Kishor Biyani's Future Group's flagship company) - 20% stake in menwear brand Turtle. Future Group is expected to announce taking 20% stake in menswear brand Turtle.

Turtle currently has 32 exclusive stores, 60 shop in shops (Central, Globus, and lifestyle stores like Shoppers Stop, Pantaloon and Lifestyle.)and more than 1,200 MBO's. The company plans to add 12 exclusive stores and 28 MBO's this fiscal. 80% revenue is generated through the MBO's and rest by the exclusive outlets and SIS's.

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