| October 10, 2006 | |
Pantaloon is going the mall way, obtaining for the purpose about five acres of land in Chennai, precisely at Thoraipakkam along Old Mahabalipuram Road. The latest in the company’s format in the retail chain, it is expected to house everything that is needed for the construction sector, such as paints, hardware, furnishings and various equipments.
After putting up the shopping complex, Pantaloon may either lease it out or sell space to different firms which serve the home needs sector.
The new venture will follow the company’s other retail formats – Big Bazaar, Central Mall and Food Bazaar. It will roll out in five metros to begin with. The naming hasn’t been done yet.
Sources say that Pantaloon has also identified the land for a Central Mall and Food Bazaar in Chennai. The former may come up at Vadapalani and the latter, the first of its kind in this city, near Dr Radhakrishnan Salai.
News Published Under: Chennai |
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