- Meenakshi Kumar |
Future Lifestyle Fashions is looking to raise its investment in London-listed strategic partner Koovs PLC suggest media reports. Future Lifestyle will take its holding up to a maximum of 29.99 per cent from 16.25 per cent currently. This will be raised between 9.5 million pounds to 10.5 million pounds for Koovs.
This additional investment and commitment from FLFL underlines the tremendous opportunity to leverage the strategic partnership of Koovs and ensure that it is the aspirational first choice online western fashion destination for India's young popular. The partnership will significantly benefit its customers, partners and shareholders.
Future Lifestyle operates over 400 stores in India, with over six million square feet of retail space, and is part of Future Group, a leading consumer, retail and services company in India.