Business
Lee Cooper hives off by Future Lifestyle Fashions
Future Lifestyle Fashions has hived off its leading brand Lee Cooper into a new step-down subsidiary, Future Specialty Retail. The company would also be issuing Rs 250 crores compulsorily convertible preferential shares to the new fully-owned arm. This fund infusion will result in the promoters diluting 26 per cent of the brand value of Lee...
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