Home Retail Pantaloon buys 70 pc Aadhar stake, open 180 outlets within 18 months

    Pantaloon buys 70 pc Aadhar stake, open 180 outlets within 18 months

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    Speaking to Indiaretailing on the sidelines of India Retail Forum’08, , CEO, , said, “ had acquired around 70 per cent stake in Aadhar Retailing, the rural retail initiative of , early this year and is planning to open around 180 Aadhar outlets within the next 12 to18 months.”

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    Besides, the company's board has approved acquisition of online and offline rights of global brand Forever 21 for the Indian market.

    Sharing his experience in rural retailing and Pantaloon’s prospect towards it, Biyani added: “We are still learning and it will be an interesting challenge to deal with new consumers, farmers and a new territory.”