Pantaloon shifts Big Bazaar to Future Retail

Monday, 13 June 2011

Pantaloon Retail India Ltd (PRIL) has transferred its value retail formats -- Big Bazaar and Food Bazaar -- to Future Value Retail. With this, all formats and other brands pertaining to the value retail business comprising brands like Big Bazaar and Food Bazaar now vests with FVRL. It may be noted that FVRL is a wholly owned subsidiary of Pantaloon Retail (India). This entity has been created keeping in mind the growth and the current size of the company’s value retail business, led by its format divisions, Big Bazaar and Food Bazaar.

The company operates 120 Big Bazaar stores, 170 Food Bazaar stores, among other formats, in over 70 cities across the country, covering an operational retail space of over 6 million sq. ft. As a focused entity driving the growth of the group's value retail business, FVRL will continue to deliver more value to its customers, supply partners, stakeholders and communities across the country and shape the growth of modern retail in India.

Related News