Pantaloon Retail (India) Ltd today announced that it has entered into a 50:50 joint venture with UK-based C & J Clark International, for the single brand retailing of the "Clarks" branded footwear and allied products. The joint venture would also be engaged in wholesale business of Clarks branded products in India.
”With this Joint Venture, the Company has taken a strategic business decision to enlarge its business activities and have a better footprint in retail as well as wholesale branded footwear and allied products in India,” the company said in a filing with the Bombay Stock Exchange.
