Future Group starts revival process for 'Future Lifestyle Fashion'
25 April 2022, Mumbai:
Future may Sell Some Brands to Raise Rs 1kcr.
Future Group has started the revival process for Future Lifestyle Fashion (FLF) which has not defaulted on loan repayments.
FLF plans to sell a few fashion brands to raise Rs 1,000.
Biyani Starts Process To Revive Future Lifestyle Fashions
First off the block
Co plans to raise Rs 1000 crores by selling some fashion labels, including 'Cover Story' for Rs 200 crores.
ALSO READ Future of Future Group?
The show must go on
Future Lifestyle Fashion owns. Central, discount store format
Brand Factory
FLF has a debt of around Rs 2k crore
Apparel Brands include:
Cover Story
aLL
Ancestry
Scullers
Indigo Nation
Urbana
RELEVANT NEWS Reliance Retail takes over Future Group stores
The plan is to monetize assets completely unlinked with the food and grocery business.
FRL, which owns Big Bazaar and Easyday, is the largest debtor in the group with about Rs 14,000 crore of dues while FLF has a debt of around Rs 2,000 crore.
FLF has still not defaulted on interest payment.
Join our community on Linkedin
CREDITS: *ET Dt 25-04-2022 (The news article has not been edited by DFU Publications).
