INDIA BUSINESS WORLD - JUNE 1st - JUNE 30th - 2008
PANTALOON FORMS JV WITH FRENCH APPAREL CO CELIO
Future Group flagship enterprise Pantaloon Retail has signed a 50-50 JV with French apparel firm Celio to add to its garment retailing in India. The company is also planning to add another 3-4 million sq ft of retail space in the current fiscal through its different formats. “We have formed a joint venture with French apparel firm Celio,” Pantaloon Retail India MD Rakesh Biyani said at the inauguration of ‘Replay’ brand stores. He said the JV is a part of the company’s plans to add another 3-4 million sq ft of retail space in the current fiscal. The tie up with Celio is being done to provide complete range of fashion accessories in clothing segment to clients and it would be placed between the mass market and the luxury segment.
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