Pantaloon Retail eyes small food cos
6:13 PM | 
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Indian Retail
The Future Group-owned Pantaloon Retail is looking at acquiring small foods companies in India to bolster its portfolio in the category.
‘‘We are in talks with several small companies in the foods domain. These are Indian companies and have a clearly demarcated role to play,'' said Kishore Biyani, founder and CEO, Future Group.
Though Biyani refused to divulge the names of companies with which the group has initiated talks, industry sources said that it could be an existing third-party supplier from whom the group sources products. ‘‘With an existing supplier, the group would already be aware of the pitfalls involved in the company,'' said a source.
Future group had embarked on a strategy to boost its private label brand business which has achieved a scale in excess of Rs 100 crore. It plans to more than double its private labels business in foods. The move comes in sync with the large thrust given to its private labels FMCG business.
Future group and 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.
Labels:
Central,
Future Group,
Globus,
India Retail,
Indian retail,
Kishor Biyani,
Lifestyle,
MBO,
Pantaloon,
Shop in Shop,
Shoppers Stop,
SIS,
Turtle
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Future Group & Carrefour tie-up??
Just heard, future group and Carrefour are back in talks for a tie-up. It seems Carrefour officials had a meeting with the top team at Pantaloon Retail India Ltd (future group's flagship company). Carrefour has been looking to enter the Indian Retail space for more than 2 years now, however with little success as no one seems to be buying their value proposition!
Labels:
Business,
Carrefour,
Future Group,
India Retail,
Indian retail,
Kishor Biyani,
Pantaloon,
tie-up
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Pantaloon Snapshot
Pantaloon Retail, a part of the Future Group, operates retail chains including –
Pantaloon, a chain of Fashion outlets
Big Bazaar, a hypermarket chain
Food Bazaar, a supermarket chain
Central, a chain of malls
Its business lines also include
Depot
Shoe Factory
Brand Factory
Blue Sky
Fashion Station
aLL
Top 10
mBazaar and “
Star and Sitara”.
The company operates an online portal named futurebazaar.com.
The company is headquartered in Mumbai, India and employs about 25,000 people. The company recorded revenues of INR 34,685.6 million (approximately US$ 787 million) in the financial year (FY) ended June 2007, an increase of 79.4% over 2006. The operating profit of the company was INR 1,798.9 million (approximately US$ 41 million) in FY2007, an increase of 49.6% over 2006. The net profit was INR 355.4 million (approximately US$ 8 million) in FY2007, a decrease of 33.8% over 2006.
Source: companiesandmarkets
Tags: Pantaloon, Fashion, Bazaar, Food, supermarket, Central, Depot, Shoe, Factory, Brand, Blue, Station, Star, Sitara, portal, Mumbai, India, June, outlets, million
