Pantaloon Retail awarded Emerging Market Retailer of the Year 2007

Indiantelevision.com Team

(3 April 2007 5:00 pm)

MUMBAI: Pantaloon Retail was named the Emerging Market Retailer of the Year 2007, at the inaugural World Retail Congress held at the Palau Nacional, Barcelona, Spain.

Held between 28-30 March , the World Retail Congress attracted more than 1,000 leading retail figures from over 60 nations.

Among the finalists for the award were B&Q Asia (Hong Kong), Edgars Consolidated Stores (South Africa), Matahari (Indonesia) and Shufersal (Israel).

The award, sponsored by SAS, was voted for by a Grand Jury that included many of the world's top retailers and senior industry experts.

Receiving the award, Pantaloon Retail (India) Ltd managing director Kishore Biyani said, "This award is a reflection of the huge potential that the Indian consumption market offers. It is a moment of pride not just for Pantaloon Retail, but for India. It would have been more appropriate if we had got the award after global retailers made their foray into India. We are in a no-competition scenario currently but we excel in what we do to delight our Indian consumers."

The World Retail Awards, in association with KSA, marks the first time the industry has come together to recognize excellence across formats, sectors and borders. Other awards included Retailer of the Year to Inditex, the owners of the Zara brand; Retail Destination of the Year to Mall of the Emirates, Dubai; Multi Market Retailer of the Year to IKEA; and Responsible Retailer of the Year to Marks & Spencer.