Pantaloon to curb expansion, focus on 16 cities

Pantaloon Retail India Ltd, the country’s largest retailer, is consolidating its business in the top 16 cities and a surrounding network of secondary cities, exiting from smaller towns that don’t fit into this network, a top company official said. The consolidation would help Pantaloon Retail improve profitability as it looks to get investors on board […]

Aditya Birla-Pantaloon deal request axed

New Delhi: Competition Commission has termed as invalid an application seeking its approval for takeover of Future group’s Pantaloon brand business by Aditya Birla Nuvo, as the final deal was yet to be approved by the boards of the concerned companies. Aditya Birla Nuvo Ltd, part of Kumar Mangalam Birla-led group, through a subsidiary has […]