India’s leading retailer Pantaloon Retail, a flagship enterprise of Future Group, has divested its holding in its 50:50 joint venture with British airport retailer, Alpha Group Plc, according to a company filing to Bombay Stock Exchange.
Further the company also informed BSE that it has divested its holding in favour of Alpha Overseas Holdings Ltd and has moved out of the joint venture.
Pantaloon Retail operates multiple retail formats in both the value and lifestyle segments of the domestic consumer market. The mumbai-based company operates over 11 million square feet of retail space, having over 1,000 stores across 63 cities.
—IndiaRetailing Bureau
