MoneyWorks4Me

Pantaloons Fashion plans to invest Rs 125 crore in FY16

17 Aug 2015 Evaluate

In order to open new stores, Pantaloons Fashion & Retail is planning to invest Rs 125 crore in the current fiscal year. The company is targeting to launch 30-35 stores during FY16 and focus will be on expanding customer reach and portfolio enrichment. Pantaloons, which has over 100 stores across the country, reported 13.74% rise in its net sales at Rs 433.70 crore for the quarter ended June 30, 2015 as compared to Rs 381.30 crore for the same quarter in the previous year.

Pantaloons is India's fastest growing premium lifestyle apparel company. With innovative designs, concepts and products, the company brings the latest trends in fashion and clothing styles to the apparel market.

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