Brandhouse Retail, the retail venture of S Kumar’s Nationwide Limited (SKNL), is planning to go public in the next 3-4 months. This follows the SKNL board decision to buy Brandhouse Retail for a consideration of Rs. 12.95 crores and then hive it off as a separate entity. The company was also open to the idea of diluting a stake to private equity investors.
Brandhouse Retail manages exclusive brand outlets for SKNL brands as well as key international brands coming to India. Brandhouse Retail is in the midst of a Rs. 400 crore-expansion which would see a total of 1200 outlets being set up by 2010. The company plans to cross 100 outlets by the end of this fiscal and 400 by the end of next fiscal. Out of the total of Rs. 400 crores needed as per the capex plans, Rs. 100 crores would be raised from internal accruals and promoters. The rest would be funded through a mix of debt and equity.
Read The Economic Times article.
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