Home Retail Future Lifestyle Fashions Acquires 12% Stake in Unico Retail

    Future Lifestyle Fashions Acquires 12% Stake in Unico Retail

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    -led Future Lifestyle Fashions has acquired 12 percent stake in Unico Retail for an undisclosed sum, says a PTI report. Unico Retail sells handbags, belts and wallets under the brand ‘Peperone’.

    “The company has acquired 12 percent stake in Unico Retail Pvt. Ltd, a company engaged in the business of handbags, belts and wallets under the brand ‘Peperone’ in India,” Future Lifestyle Fashion said in a BSE filing.

    Last year, Future Lifestyle Fashion divested minority stakes in ethnic wear firm and designer -owned AND for Rs 450 crore.

    While Future Lifestyle Fashion has exited two investments, it also picked up minority stakes in three companies incliuding Tresmode and Famozi shoes and Mineral, a designer label from Priyadarshini Rao.