Advertisement

HindustanTimes Thu,02 Oct 2014

Future Lifestyle to be Rs. 4,000 cr entity in 1st year

PTI  Mumbai, November 22, 2012
First Published: 22:51 IST(22/11/2012) | Last Updated: 22:54 IST(22/11/2012)

Retail chain giant Future Group, which recently demerged its fashion business under a new brand, is expecting around Rs. 4,000 crore in the first year of operations.

Advertisement

“We are expecting nearly Rs. 4,000 crore from our fashionbusiness in the next one year,” Future Group CEO Kishore Biyani said on Wednesday.

The country’s largest retailer recently demerged its fashion business and set up a new company, Future Lifestyle Fashion, which will be listed soon.

“We have brought all our fashion businesses built over two decades into a single entity. This company will begin its journey as the leader and trend-setter in the sector and we plan to give a fresh fillip to brand building, retailing and distribution in the fashion space,” Biyani said. 

Future Lifestyle will have businesses spanning departmental and speciality retailchains, a portfolio of over two dozens fashion and lifestylebrands, investments in fast-growing domestic labels and sourcing and distribution network inmore than 112 towns.


Advertisement
more from Business

Mallya has to clear loan defaults to serve as USL chairman: Diageo

Loan default cases against Vijay Mallya and his UB Group may cast a shadow over his continuation as chairman of United Spirits Ltd in the future, with its current parent, UK-based Diageo, making it clear in a statement from its headquarters in London.

markets
Advertisement
Most Popular
Advertisement
Advertisement
Copyright © 2014 HT Media Limited. All Rights Reserved