Future Ventures news and archive

FVIL acquires 33 percent stake in KFC Shoemaker

Future Ventures India (FVIL) has invested an undisclosed sum in KFC Shoemaker which has footwear brands like ‘Trèsmode’ and ‘Solovoga’. It has picked up 33 percent stake in the company. This is the second investment by the firm in the footwear business. It had earlier put money in Clarks Future Footwear, a 50:50 JV with UK’s C&J Clark...

Apparel

Future Group venture to buy stores under Pantaloon

Future Consumer Enterprises (FCEL), a wholly owned arm of Kishore Biyani-promoted investment and business management company Future Ventures, is planning to buy the convenience store chain under Pantaloon Retail. Pantaloon Retail had transferred its value retail format business to its wholly owned subsidiary Future Value Retail two years ago....

Apparel

Future Ventures invests in Indus-League Clothing

Future Ventures India (FVIL) has subscribed to 9,39,502 equity shares of Indus-League Clothing (ILCL). ILCL is a subsidiary of FVIL, in which FVIL holds 95.29 per cent of the paid-up equity share capital of ILCL. ILCL is engaged in the business of branded apparels and accessories using its brands Indigo Nation, Scullers, Jealous, Urbana, Urban...

Apparel

Future Ventures raises stake in Clarks, Holii

Future Ventures India (‘FVIL) has made an additional investment in CFFL by subscribing to 20, 00, 000 equity shares of Rs 10 each. CFFL is a joint venture company, between C&J Clark International, and FVIL each holding 50 per cent of the paid-up share capital of CFFL. CFFL distributes and markets all types of footwear under the International...

Apparel

Future Ventures loses at Rs 36 cr

Future Ventures has reported a consolidated net loss of Rs 36.41 crores for the quarter ended June 30, 2011. Interestingly, the Kishore Biyani-owned company had a net loss of Rs 3.47 crores in the corresponding quarter last fiscal. During the reporting quarter, the firm’s consolidated total income increased by 89 per cent to Rs 156.32 crores...