Home Retail Pantaloon Retail divests stake in JV with Alpha Group

    Pantaloon Retail divests stake in JV with Alpha Group

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    India’s leading retailer , a flagship enterprise of , has divested its holding in its 50:50 with British airport retailer, Plc, according to a company filing to .

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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.

    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