Pantaloons to invest big to add 20 outlets this fiscal

Leading retail chain Pantaloons Fashion & Retail Ltd has planned to invest Rs 150 crore to add up to 20 outlets this fiscal to take the number of stores to 100. The company, which reported turnover of Rs 940 crore in the first half ended September 30, 2014, announced the investment will also be utilised in refurbishing 21 stores. In July, Pantaloons had revealed its plan to rise up to Rs 500 crore through various means, including a rights issue this year to fund its growth capital requirements. Signage companies dealing in in-shop designs, displays, branding and related activities will get fresh business leads in such mega expansion plan of Pantaloon.