India’s Pantaloon Retail has played down local reports that its owner Future Group is looking to form a joint venture in the country with a multinational retailer.

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Reports in India claimed that Future Group CEO Kishore Biyani is mulling plans to split hypermarket chain Big Bazaar in two, with one business serving consumers and the other becoming a B2B unit.


However, Pantaloon spokesperson Atul Takle told just-food today (1 July) that the report was “mere speculation”.


Takle also cooled claims that Pantaloon had decided to abandon its plans for a rural cash-and-carry business, KB’s Wholesale Market.

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