Pantaloon Retail subsidiary acquires Officedge
MUMBAI: In a bid to gain advantage in the domestic office products market, Pantaloon Retail on Monday said its wholly-owned subsidiary Future Office Products has acquired Officedge, an online B2B office products firm for an undisclosed amount. Future Office Products, part of the Future group, has acquired the operations and management of Officedge, which currently serves more than 80 large corporate customers across six cities, offering close to 1,200 office products, Pantaloon Retail said. “This acquisition fits in with our strategy of being present with different business formats to capture increased spend levels by customers. We have over the years pioneered many concepts where we interact with end customers. Officedge is a unique organisation and gives us the necessary traction in a growing market,” Pantaloon Retail director Rakesh Biyani said about the acquisition.
MUMBAI: In a bid to gain advantage in the domestic office products market, Pantaloon Retail on Monday said its wholly-owned subsidiary Future Office Products has acquired Officedge, an online B2B office products firm for an undisclosed amount. Future Office Products, part of the Future group, has acquired the operations and management of Officedge, which currently serves more than 80 large corporate customers across six cities, offering close to 1,200 office products, Pantaloon Retail said. “This acquisition fits in with our strategy of being present with different business formats to capture increased spend levels by customers. We have over the years pioneered many concepts where we interact with end customers. Officedge is a unique organisation and gives us the necessary traction in a growing market,” Pantaloon Retail director Rakesh Biyani said about the acquisition.
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