Future Enterprises Ltd

Future Enterprises Ltd

Pantaloon Retail India Limited (PRIL) a retailer was incorporated in 12th October of the year 1987 headquartered in Mumbai the company operates through primarily the `Lifestyle' and `Value' formats through multiple delivery mechanisms and lines of business some of them being fashion food general merchandise home leisure and entertainment financial services communications and wellness. The Company has stores in 51 cities across the country constituting over 6 million square feet of retail space. It caters to the `Lifestyle' segment through its 35 Pantaloons Stores and 5 Central Malls as well as its other concepts. In `Value' retailing it is present through 78 Big Bazaar hypermarkets 113 Food Bazaars and other delivery formats.In the year 1991 the company had launched BARE the Indian jeans brand. Initial public offer (IPO) was made in May of the year 1992. During the year 1994 the Pantaloon Shoppe an exclusive menswear store in franchisee format launched across the nation and also the company starts the distribution of branded garments through multi-brand retail outlets across the nation. In the year 1995 the John Miller formal shirt brand of the company was launched in market. India's family store Pantaloons was launched in Kolkata during the year 1997. In the year 2001 Big Bazaar `Is se sasta aur accha kahi nahin' India's first hypermarket chain was launched after this a supermarket chain also launched in the period of 2002 under the name and style of Food Bazaar. The Company had initiated India's first seamless mall in Bangalore in the name of Central in the year 2004. During the year 2005 Fashion Station of the company was launched it was the popular fashion chain and also in the same year `a little larger' (aLL) an exclusive store for plus-size individuals was launched. In 2006 Future Capital Holdings the company's financial arm launched its real estate funds Kshitij and Horizon and private equity fund Indivision. Multiple retail formats including Collection i Furniture Bazaar Shoe Factory EZone Depot and futurebazaar.com are launched across the nation in the year 2006. The Company had signed a Memorandum of Understanding (MOU) with Blue Foods Private Limited to form a 50-50 Joint Venture Company in July 31st of the year 2006 for setting up food courts and speciality restaurants across the country. In January of the year 2008 the company had entered into joint venture with US based Staples` Indian office products business unit Future Office. As at February 2008 Pantaloon awarded a comprehensive USD 50 million 5-year IT outsourcing contract to Wipro Infotech. The Company initiated its flagship hypermarket retail store Big Bazaar in Barrdhaman city during January of the year 2008. Pantaloons launched an exclusive line of film merchandise TASHAN Collection across all its 40 stores in April of the year 2008.