Future Lifestyle Fashions news and archive

Koovs’s back and forth with shareholders stall outstanding major investment

New York – UK-listed Indian fashion e-commerce platform Koovs PLC said Monday it remains in talks with major shareholder Future Lifestyle Fashions Ltd, owned by Future Group, for completing its outstanding 6.5 million pounds investment. Koovs shares were down 31 percent at 2.50 pence each in London on Monday afternoon. As a reference, three...

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Future Lifestyle Fashions gets PE funding from Blackstone

Blackstone has infused capital in Future Lifestyle Fashions. The primary investment will be through a combination of equity and structured debt that will fund the capital expansion of the deep-discount retail format Brand Factory. The structured credit line will be for five years with a fixed coupon while the equity upside is expected to accrue...

Retail

Future Lifestyle Fashions sees eight per cent dip in Q1 net profits

Future Lifestyle Fashions’ net profit fell eight per cent in Q1. As eevenue rose 17 per cent compared to the same quarter last fiscal. Future Lifestyle Fashions, part of the Future Group, sets the trend for Indian lifestyle fashion business by integrating some of India's most popular lifestyle retail destinations: Central, Brand Factory and...

Retail

Brand Factory’s 3rd Free Shopping Weekend opens today

The third edition of Brand Factory’s sale event ‘Free Shopping Weekend’ (FSW) is being held from December 12 to 16, 2018. Over 200 national and global brands are participating in the five-day sale event that offers heavy discounts on a range of apparels. Brand Factory by Future Lifestyle Fashions has also rolled out a 360-degree integrated...

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India’s Future Lifestyle Fashions to acquire 29.9 percent stake in London-listed Koovs.com

India’s apparel group Future Lifestyle Fashions Ltd. will acquire a 29.9 percent stake in e-commerce fashion retailer Koovs, becoming the largest shareholder in the London-traded fashion site. “This investment would complement the existing value chain for FLFL as an integrated branded fashion player. FLFL’s strong retail presence backed by owned...

Retail

Fashion retail sees competition heat up between ABFRL, FLFL

Aditya Birla Fashion and Retail (ABFRL), the largest organised retailer of fashion and apparel in the country, is facing stiff competition from Future Lifestyle Fashions (FLFL). In FY17, ABFRL generated revenues of Rs 6,633 crore, a growth of 10 per cent year on year. FLFL grew at a much faster rate of 17 per cent with Rs 3,877crore in revenue...

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Future Lifestyle net profit declines 69.77 percent in Q2

Future Group-owned Future Lifestyle Fashions reported a 69.77 percent decline in its net profit to Rs 2.11 crore for the second quarter ended September 30, 2015. The company had posted a net profit of Rs 6.98 crore in the same period of the previous fiscal, Future Lifestyle Fashions said in a regulatory filing. Net sales during the period were...

Fashion

Future Lifestyle sets-up a design studio in London

Apparel retailers in India are understanding the need to bring fresh fashion products quickly to store shelves. With fast fashion brands like Zara and Forever 21 witnessing success in the country, Kishore Biyani-led Future Lifestyle Fashions has set up a design studio in London following their footsteps. The studio will launch its first fast...

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ICICI Venture exits Future Lifestyle Fashions

Private equity firm ICICI Venture has exited its investment in Future Lifestyle Fashions Ltd (FLF), the fashion apparel, accessories and associated products arm of Kishore Biyani-led Future Group, through an open market transaction. It held 1.15 per cent stake in the firm through India Advantage Fund and sold its entire 21,43,844 shares for Rs...

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Future Lifestyle Fashions reports net profit of Rs 6.14 cr in Q4

Future Lifestyle Fashions (FLFL) reported a net profit of Rs 6.14 crore for the fourth quarter ended March 31, 2015, helped by lower expenses. The company had posted a net loss of Rs 186.66 crores in the same quarter last year. Net sales during January - March period stood at Rs 782.95 crores, up 11.72 percent against net sales of Rs 700.8...

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Physical retailers hit by marketing initiatives of online players

Not only their deep discount strategies but heavy advertising of their promotional activities adversely affected sales of physical retailers during the third quarter ended December 2014. According to the industry estimates, e-retailers spent around Rs 300 crores on advertising during the quarter, almost 10 times more than advertising spend of...

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Future Lifestyle Fashions net profit improves 23 percent in Q3

Future Lifestyle Fashions registered a 23 percent rise in its net profit touching Rs 37.24 crores for the third quarter ended December 2014 as against Rs 30.24 crores, same period last year. The company’s net sales increased 9.84 percent to Rs 723.47 crores from Rs 658.62 crores, same quarter last year. All formats under its fold including...