As part of company’s plan to cash in Rs 100 billion from its private labels by 2012, Kishore Biyani-led Future Group, which retails products including FMCG, apparels, jewellery and books & music across India through various retail chains under Pantaloon Retail, has announced its plan to manufacture products like toothpaste, soap and detergents.
The group, which already has tie-ups with manufacturers such as Cargill, is learnt to be in talks with Hindustan Unilever, Procter & Gamble, Hygiene Healthcare and ITC for manufacturing the products.
“We are making a new strategy of developing consumer brands,” Kishore Biyani, CEO, Future Group told reporters at a news conference.
Under Pantaloon Retail, Future Group runs 14 retail chains including Big Bazaar, Food Bazaar, Central, Depot, Pantaloons, Top 10, Tulsi, Navaras, Fashion Station, Star Sitara and futurebazaar.com.
—IndiaRetailing Bureau
