Future Lifestyle Fashion news and archive

Blackstone invests Rs 1,750 cr in Future Lifestyle Fashion

Future Lifestyle Fashion, the flagship fashion business of Kishore Biyani-owned Future Group has received Rs 1,750 crore investments from Blackstone, the world’s biggest private equity firm. Blackstone is investing in Ryka Commercial Ventures, the holding company of the lifestyle retailer through debentures which will be used to retire or...

BusinessFeatured

US private equity fund invests over 244 million dollars in Future Lifestyle Fashion

New York – U.S. private equity firm Blackstone has invested Rs 1,750 crore (244.2 million dollars) in Future Lifestyle Fashion (FLF), India’s Future Group’s flagship fashion business. FLF owns several retail chains including Central and Brand Factory. The agreement, announced over the weekend, is an equity and debt deal that the lifestyle...

Business

The world’s biggest private equity firm acquires 6 percent in Future Lifestyle Fashion

New York – Blackstone, the world’s biggest private equity firm has acquired about 6 percent stake in India’s Future Lifestyle Fashion, the flagship fashion business of Kishore Biyani-owned Future Group, for about Rs 545 crore (circa 80 million dollars.) As reported by the ‘Economic Times’ earlier this month, private equity firm Blackstone will...

Business

Future Lifestyle’s net profit increases 40 per cent in Q4

Future Lifestyle Fashion has recorded a net profit rise of 40.4 per cent for the fourth quarter. Overall sales volume rose 20 per cent. Net sales grew 30 per cent helped by power brands and new Brand Factory stores. Same store sales growth grew nine per cent while the ebidta margin dropped 80 basis points at 9.2 per cent during the fourth...

Business

Future Lifestyle Fashion Q1 net profit up 20 per cent

Future Lifestyle Fashion (FLF) has seen a 20.3 per cent increase in its standalone net profit for Q1. Total income was up 23.02 per cent during the quarter. Kishore Biyani-led Future Lifestyle Fashion set the trends in Indian lifestyle fashion business by integrating some of India's most popular lifestyle retail destinations like Central, Brand...

Business

Future Lifestyle Fashion Q3 net profit up touches Rs 44 crore

Future Lifestyle Fashion’s net profit has increased 24 per cent to reach Rs 44 crore (approx $ 7 million) for the quarter ended December 2017. FLF’s overall revenue increased to Rs 1,237 crore from the Rs 1,066 crore it posted in the corresponding period last fiscal. According to the company it profited from fruitful transition in Goods and...

Business

Premji Invest buys stake in Future Lifestyle Fashion

Premji Invest, the investment arm of Wipro Chairman Azim Premji, has bought 3.26 per cent stake in Kishore Biyani’s Future Lifestyle Fashions (FLFL) for nearly Rs 196 crores. The shares were sold by Bennett Coleman and Company and India Opportunities Growth Fund Pinewood Strategy and were bought through open market transactions. PI Opportunities...

Business

Future Lifestyle Q3 net profit down 18 per cent

Future Lifestyle Fashion is part of the Kishore Biyani-led Future Group has reported a 18.94 per cent fall in net profit for Q3. One reason is higher expenses. Total income from operations during the October-December period was up 21.24 per cent as against the corresponding period of the last fiscal. Overall expenses increased by 23.92 per cent...

Business

Future Lifestyle posts 30.33 percent loss in Q1

Future Lifestyle Fashion Ltd (FLFL), part of the Kishore Biyani-led Future Group has reported a 30.33 percent decline in net profit at Rs 2.48 crore for Q1 ended on June 30, 2015. The company had posted a net profit of Rs 3.56 crore for the corresponding period a year ago, the company said in a BSE filing. Net sales of the company during...

Business

Future Lifestyle acquires 80 percent stake in Giovani

Future Lifestyle Fashion, the listed entity of Future Group, has acquired a majority 80 percent stake in Giovani fashion brand after sealing the deal in June from its owners Dhir International, a garment manufacturer and exporter. Dhir will continue to act as a minority partner with the remaining 20 percent stake. The company plans to make...

Business

Future Lifestyle Fashions picks majority stake in Elisir Lifestyle

Future Lifestyle Fashions, a part of Kishore Biyani’s Future Group, has acquired majority 60 percent stake in footwear firm Elisir Lifestyle for an undisclosed amount. “The company has acquired 60 percent stake in Elisir Lifestyle, a company engaged in business of manufacture, supply and distribution of footwear and accessories in India,” the...

Apparel

Future Group brings UK’s Umbro to India

While Reliance Retail is racing ahead of the country’s oldest retailers Kishore Biyani’s Future Lifestyle Fashion (FLF), both have come together to open stores of British sportswear brand Umbro. The brand falls under the Iconix Lifestyle portfolio, which is a joint venture with Reliance Brands that holds India rights for more than 20...