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Posts Tagged ‘Pantaloon Retail’

Biyani’s home solutions raise Rs 150-cr through rights issue

Posted by retailigence on February 13, 2009

MUMBAI: Kishore Biyani-led Home Solutions Retail (India) along with its two investors, ICICI Ventures Funds Management and Kotak SEAF India Fund, has raised Rs 150-crore via a rights issue to fuel its expansion programme.

“We have raised Rs 150-crore through a rights issue along with ICICI Ventures Funds Management and Kotak SEAF India Fund. We completed it just yesterday,” Future Group founder and Chief Executive, Mr Kishore Biyani said here on Friday.

The proceeds would be used to fuel the company’s expansion in the home-building and improvement merchandise, furniture and consumer durables segments, Mr Biyani said.The company plans to set up more stores in home retailing under its existing formats – H ome Town, Electronic Bazaar, Furniture Bazaar, Collection I and eZone.

Launched in 2006, Home Solutions Retail is a subsidiary of BSE-listed Pantaloon Retail (India), which owns a 76.38 per cent stake in Home Solutions. ICICI Ventures Funds Management and Kotak SEAF India Fund hold about 15 per cent and six per cent stake e ach, respectively, in the company.

Biyani did not disclose any other details about the issue, including the number of shares bought by the two investors individually.

Sources :- Business Line

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Key players in the Indian Retail sector

Posted by retailigence on January 5, 2009

Who are the top retailers in India today?
Here’s a brief summary of the key players..

Pantaloon Retail (India) Pantaloon’s managing director Kishore Biyani believes in changing the rules. When Pantaloon started the Big Bazaar discount stores in 2002, malls were not part of the shopping culture. Big Bazaar became a hit, as it combined the look and feel of Indian bazaars with aspects of modern retail like choice, convenience and quality. Headquartered in Mumbai, the Rs 3,500-crore company now operates over 5 million sq ft across 40 cities.

Jockey POCO BriefShopper’s Stop A menswear store owned by K Raheja in the Mumbai suburb of Andheri in 1991 has now transformed into Shopper’s Stop, with 27 departmental stores. The company entered airport retailing in a joint venture with the Nuance Group. It also launched India’s largest hypermarket, Hypercity. In 2005, it bought the Crossword bookstore chain.

Lifestyle Growing from one store in Bahrain in 1973, the NRI-led Landmark Group today operates over 5 million sq ft in the Middle East and India. The group’s first Lifestyle store in India opened in Chennai in 1999. Now it has 325,000 sq ft in Chennai, Hyderabad, Bangalore, Gurgaon and Mumbai. Its first hypermarket, branded as ‘Max’, is expected to open soon.

Reliance Retail Mukesh Ambani’s 15,000-people Reliance Retail has opened 250 convenience stores, branded as ‘Fresh’, across the southern states. It is now planning to launch 30 such outlets in Mumbai. Reliance Retail plans to invest Rs 25,000 crore on hypermarkets, supermarkets and specialty stores in the next four years. The first hypermarket will be up in Ahmedabad by the end of July.

Aditya Birla Retail The company, which will operate under the brand ‘More’, has selected two formats – hypermarkets and supermarkets – for its initial foray. The first store has opened in Pune. Last January, the company acquired Trinethra Super Retail, which has given it more than 5,00,000 sq ft and a strong presence in the South. The Birlas’ outlay for the business over the next three years is Rs 9,000 crore.

Bharti Retail The world’s largest retailer Wal-Mart, which prefers to go it alone outside the US, chose Sunil Mittal’s Bharti Enterprises as its partner in India. The venture will start with the cash & carry (wholesale) format, which could be extended to retail operations once foreign direct investment is allowed in multi-brand retail, as is expected. The entity is yet to start operations as the formal agreement has not been inked.

Sources:- India Retail News

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Pantaloon Retail Ends JV With Alpha Airports

Posted by superstar23 on November 2, 2008

Pantaloon Retail has ended its airport retailing joint venture with UK-based Alpha Airports Group, due to differences on several operational issues. Report said Pantaloon has sold its stake in Alpha Future Retail to the Alpha Group. Pantaloon itself declined to comment on the report.

The JV was formed to develop retail and food & beverage businesses at major Indian airports. Local papers said Pantaloon’s exit was caused after Alpha Retail UK was acquired by Autogrill, which led to a difference in opinion over management issues. Discussions to resolve issues have reportedly proved to be unsuccessful.

The JV had won the contract to run operations at the Delhi international airport, and was also in the hunt for contracts for the Mumbai and Bangalore airports. Alpha has been operating in India since 2002, with duty-free shops at Cochin International Airport.

source:-kamcity.com

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