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Pantaloon buys 70 pc Aadhar stake, open 180 outlets within 18 months

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Speaking to Indiaretailing on the sidelines of India Retail Forum’08, Kishore Biyani, CEO, Future Group, said, “Pantaloon had acquired around 70 per cent stake in Aadhar Retailing, the rural retail initiative of Godrej, early this year and is planning to open around 180 Pantaloon Aadhar outlets within the next 12 to18 months.”

Sharing his experience in rural retailing and Pantaloon’s prospect towards it, Biyani added: “We are still learning and it will be an interesting challenge to deal with new consumers, farmers and a new territory.”

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