Kolkata: Tobacco-to-FMCG-to-hospitality major ITC has finally exited from lifestyle retailing business. In a stock exchange filing, ITC has said that following a strategic review of its business portfolio the company has exited the lifestyle retailing business.
Following the AGM last month, ITC chairman Sanjiv Puri had indicated at a possible exit from this business segment which it entered almost two decades back under Wills Lifestyle brand. This is one of the few businesses which ITC had exited over time in the past. The list includes finance business (ITC Classic Fin), edible oil business (Sundrop), which the conglomerate has exited in the last three decades. tnn