Restructuring Pantaloon Retail: The 'Future Group' Initiative
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Case Details:
Case Code : BSTR227
Case Length : 18 Pages
Period : 2004-2006
Organization : Pantaloon Retail (India) Limited / Future Group
Pub Date : 2006
Teaching Note : Available
Countries : India
Retail
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Please note:
This case study was compiled from published sources, and is intended to be used as a basis for class discussion. It is not intended to illustrate either effective or ineffective handling of a management situation. Nor is it a primary information source.
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Excerpts
Background Note
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The history of PRIL can be traced to the mid-1980s, when Biyani, a commerce
graduate quit his family business of trading textiles and yarn to start
manufacturing apparels. In 1987, PRIL was incorporated as Manz Wear Pvt. Ltd.
and manufactured readymade trousers under the 'Pantaloon' brand. On September
20, 1991, Manz Wear Pvt. Ltd., went public and in 1992, the name was changed to
Pantaloon Fashions (India) Limited (PFIL). At that time, the company was
distributing its garments across India through multi-brand garment stores.
In 1992, the company inaugurated its first exclusive men's store called
Pantaloons Shoppe and by 1995, the number of stores had grown to 70, with most
of them being franchisee outlets...
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The 'Future Group'
In March 2006, the Pantaloon Knowledge Group, as part of its restructuring and
expansion plans, changed its identity to the 'Future Group.' The new group was
set up to drive growth through the use of consumer insights and scenario
planning to design future retail delivery formats. Kishore Biyani, Chairman,
PRIL, said, "India is changing rapidly and we believe that rather than look at
the past to extrapolate or the West to emulate, we have to prepare ourselves by
planning scenarios based on innovative and original research."...
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New Business Ventures
As a part of the restructuring initiative, Biyani sought to take PRIL
beyond conventional retail and cover the entire consumer space.
PRIL
forayed into many businesses and formats by establishing subsidiaries
and forming joint ventures with other companies (Refer to Exhibit III
(A) for a list of joint ventures/acquisitions of PRIL/PIL, Exhibit III
(B) for a list of subsidiaries of PRIL/PIL, and Exhibit III (C) for a
list of new ventures of PRIL/PIL). |
In January 2005, Pantaloon Industries Limited (PIL), a group
company, acquired a 68 percent stake in the apparel company Indus League
Clothing Ltd...
Excerpts Contd...>>
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