FLF news and archive

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

Future Lifestyle sets up arm to monetise brands

In its efforts to raise Rs 450 crores funds, Future Lifestyle Fashions (FLF) has tranferred its holding in investee brands into a wholly-owned subsidiary FLFL Lifestyle Brands. The idea is to “FLF plans to raise Rs 450 crore by unlocking value in its stake in its investee brands portfolio,” FLF has said in a BSE filing. In another filing, the...

Business

Future Lifestyle Fashion raises funds

Future Lifestyle Fashions (FLF) will raise money by selling its investments in fashion brands. The funds will be used for deleveraging its balance sheet. A wholly owned special purpose vehicle will be formed for transfer of identified investments held by the company. FLF owns many brands and also has exclusive manufacturing and marketing...

Business

Future Group looks to triple revenues by 2020

Future Lifestyle Fashions (FLF) clocked in sales worth Rs 803 crores during the June quarter. FLF runs Central, Brand Factory and more than a dozen brands including Indigo Nation and Lee Cooper. For FY-16, FLF posted net sales of Rs 3,300 crores. While the company has added nearly 1.5 million square feet retail space in the past three years,...