Home Retail Future-Turtle deal in first week of March: Reports

    Future-Turtle deal in first week of March: Reports

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    -led is set to buy into Kolkata-based garment manufacturer and menswear brand . Future Ventures India, the venture capital arm of Future Group, has been in talks with for some time now. The deal will be finalised in the first week of March, reports Financial Chronicle.

    “It is a strategic partnership deal with the Future group. We will close the deal this financial year but I can’t quantify the stake sale, ” quoted , managing director, Turtle, in the report. However, the financial details of the transaction remain unknown.

    Till date, Future Ventures India has invested in ethnic women’s wear brand and AND, the brand of fashion designer .

    At present, Turtle operates about 32 stand-alone stores.

    — IndiaRetailing Bureau