- FashionUnited |
In a bid to revamp and rebuild Pantaloons’ business, the Board of Directors of Pantaloons Fashion & Retail, appointmed S Visvanathan as the Chief Financial Officer of the company. Visvanathan replaces Manoj Kedia.
Its parent company Aditya Birla Retail has undertaken a restructuring process, which would see Madura getting subsidiarized from the listed Aditya Birla Nuvo with public shareholding. Pantaloons and More will be merged with the demerged Madura and the combined entity is expected to be led by Madura with Pantaloons and More being the smaller businesses by value in the restructured retail company.
Shifting its focus to private fashion labels, which Pantaloons believes can bring better margins, company recently launched three new private brands exclusively for men, infants and plus size individuals. These brands include Byford, a British country inspired sport lifestyle brand for men, Moda targets plus sized individuals and Chirpie Pie is created exclusively for infants in the age group 3-24 months.