×
193
Fashion Jobs
VOLVO WHITE PAINTS INDUSTRIES
Hiring For Sales Officer/Area Sales Manager/ (Haryana)
Permanent · Sonipat
PATANGE INDUSTRIES PVT LTD
Requirement - Production Manager
Permanent · Pune
RESPICARE SOLUTIONS
Area Sales Manager /Business Development Manager-Mumbai / Maharashtra
Permanent · Navi Mumbai
GRAND CHEMICAL WORKS
Area Sales Manager- Jaipur & Lucknow
Permanent · Lucknow
ASTRAL ADHESIVES ( ASTRAL GROUP )
Astral Adhesives - Area Sales Manager - Construction Chemicals
Permanent · Ludhiana
VADILAL
Area Sales Manager
Permanent · Varanasi
ASTRAL ADHESIVES ( ASTRAL GROUP )
Astral Adhesives - Area Sales Manager (Maintenance Division)
Permanent · Jodhpur
PREETI DEVELOPERS PRIVATE LIMITED
Manager- Sales
Permanent · Bengaluru
CEASEFIRE INDUSTRIES PRIVATE LIMITED
Area Manager/ Territory Manager (Sales)_ Goa
Permanent · Pune
INDEED.MX
Trabajo Para Mayores de ed+d
Permanent · MEXICO CITY
INDEED.MX
Trabajo Para Mayores de Edad
Permanent · MEXICO CITY
INDEED.MX
Trabajos Opción Home Office
Permanent · MEXICO CITY
INDEED.MX
Secretaria de Medios Tiempos
Permanent · MEXICO CITY
INDEED.MX
Archivista de Medios Tiempos
Permanent · MEXICO CITY
INDEED.MX
Capturista de Medios Tiempos
Permanent · MEXICO CITY
ECL FINANCE LIMITED
Area Sales Manager- Small Ticket Housing Loan
Permanent · Hyderabad
CENTURY PLYBOARDS (I) LIMITED
Area Sales Manager - Ahmedabad
Permanent · Ahmedabad
PROPERTYXPO.COM
Area Sales Manager| Real Estate Portfolio Management | Gurgaon
Permanent · Gurugram
AQUAGENICS RESEARCH & DEVELOPMENT INDIA PVT. LTD.
Area Sales Manager
Permanent · Pune
JAYPEE BROTHERS MEDICAL PUBLISHERS PVT LTD.
Area Sales Manager
Permanent · Prayagraj
CENTURY PLYBOARDS (I) LIMITED
Area Sales Manager - Ahmedabad
Permanent · Ahmedabad
PUMA
Senior Manager- Trade Compliance
Permanent · Bengaluru
Published
Oct 3, 2016
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Future Lifestyle Fashions hives off Lee Cooper as subsidiary

Published
Oct 3, 2016

Future Lifestyle Fashions Ltd on Friday said it has hived off its brand Lee Cooper into a new step-down subsidiary, Future Specialty Retail.

The company will also issue Rs250 crore of compulsorily convertible preferential shares to the new fully-owned arm.


Lee Cooper


This fund infusion will result in the promoters diluting 26% of the brand value of Lee Cooper, which is pegged at Rs1,000 crore, people familiar with the matter told PTI.

The company in a BSE filing also said it’s another wholly-owned subsidiary, Future Trendz, will carry on fashion retail business and related activities. Future Specialty Retail was incorporated on 27 September with a subscription of Rs5 lakh, according to the exchange filing.

Future Lifestyle Fashions runs Central, Brand Factory and other brands including Indigo Nation, Lee Cooper, Sculler, and Clarks. It divested its stake in Biba, women clothing line AND, and Celio over the past few years. It still owns significant shares in brands such as Clarks, Tresmode and Giovani, among others.

Last year, Future Group chief executive Kishore Biyani had said the company would target a revenue of Rs75,000 crore to Rs1 trillion, from the current Rs20,000 crore.

It is focusing on food, fashion, general merchandise and home categories. Shares of Future Lifestyle Fashions on Friday closed 0.80% up on the BSE at Rs131.60. Duestche Bank India was the sole adviser to the restructuring of the company.
 

Copyright © 2022 FashionNetwork.com All rights reserved.