Pantaloon forms equal JV with C&J Clark, planning retail expansion

Pantaloon Retail (India) Ltd announces that it has entered into a 50:50 joint venture with UK-based C&J Clark International, for the single brand retailing of the ‘Clarks’ branded footwear and allied products. The joint venture would also be engaged in wholesale business of Clarks branded products across India. With this joint venture, C&J Clark has taken a strategic business decision to enlarge its business activities and have a better footprint with new retail stores across India. New plan for retail expansion through Pantaloon-C&J Clark joint venture will deliver a new business opportunity to the signage segment, particularly benefiting in-store media firms, sign suppliers, etc.