Pantaloons investing Rs 175 cr on store expansion

Fresh from a change in ownership, Pantaloons Fashion & Retail Ltd will be investing up to Rs 175 crore on store expansion across the country, particularly in smaller towns.  The company, which became a part of Kumar Mangalam Birla-ledAditya Birla Nuvo Ltd (ABNL) effective from April this year, is targeting to open at least one store per month within a year at an investment of up to Rs 15 crore per outlet.  Such robust expansion plan of the company is an unmatched opportunity which PSPs, fabricator, branding companies and others can tap for new business.