Pantaloons to invest huge on store expansion

Pantaloons Fashion & Retail Ltd will be investing up to Rs 175 crore in the next 12 months on store expansion across India, particularly in smaller towns. The company, which became a part of Kumar Mangalam Birla-led Aditya Birla Nuvo Ltd effective from April this year, is targeting to open at least one store per month in the next 12 months at an investment of up to Rs 15 crore per outlet. Signage players whose activities are vastly involved in in-store displays, designs, fabrication and others may gain a new momentum in their business with such rapid expansion in the retail sector.