Future Retail increases stake in Mother Earth

Future Lifestyle Fashions has increased its stake in Mother Earth brand to over 72 percent. “The company has made further investment in Indus Tree Crafts (ITCPL) to increase its total stake from 63.34 percent to 72.16 percent," Future Lifestyle Fashions said in a BSE filing.

Neelam Chibber, Managing Director of Industree Crafts runs Mother Earth, loved by urban shoppers for the traditional, rustic products retailed under its portfolio. The brand does not only offer very Indian craft products but also provides bread and butter to people belonging to rural part of various Indian states.