Future Lifestyle Fashions to sell 10 per cent stake to Catterton Asia

Media reports suggest, Future Lifestyle Fashions (FLF) is reportedly selling 10 per cent stake to L Catterton Asia through a mix of preferential allotment and secondary purchase of shares. Backed by global luxury conglomerate LVMH, L Catterton is the world’s biggest consumer-focused venture capital and private equity firm. The firm’s last investment in India’s fashion industry was Fabindia in 2012.