Company Chairman Sanjay Dalmia said ''This restructuring initiative would lead to creation of independently focused organisations with a potential to achieve fast growth in their individual arenas. The restructuring would provide enhanced financial flexibility to the businesses in order to independently raise resources for their future growth requirement and unlock potential valuations for the shareholders.'' He added that given the length and breath of its presence in the UK and the brands company services within its retail outfits, the retail entity should offer a value unlocking proposition for its shareholders.
The company, at present, is in the final stages of launching its retail in Indian market through the Rosebys brand.
The company is set to launch its exclusive range of home textiles retail chain stores in the country. Effective launch of the product range is expected to roll out in early next quarter.