Google News
spot_img

Future Lifestyle Fashions Acquires 12% Stake in Unico Retail

Must Read

Kishore Biyani-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 Biba Apparels and designer Anita Dongre-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.

Latest News

Emerging Tier- 2 Retail hotspots in South India

The report from CBRE South Asia states that the total retail stock in 14 tier-2 cities stood at 29...

Login to your account below

Fill the forms bellow to register

Retrieve your password

Please enter your username or email address to reset your password.