×
203
Fashion Jobs
NAGA LIMITED
Manager - Production
Permanent · Dindigul
UBRIGHT INTERNATIONAL CO. LTD
Senior Sales Manager 20+ Lakh p.a
Permanent · Pune
JIO
jc Home Lead - Coimbatore & Tiruppur - Sales Manager
Permanent · Tiruppur
ERIS LIFESCIENCES LIMITED
Area Business Manager (Generics)
Permanent · Ahmedabad
DIGIKREDIT FINANCE
Requirement For Sales Manager :: Ahmedabad
Permanent · Ahmedabad
KHOSLA MACHINES PVT. LTD.
Sales Manager-North
Permanent · Sahibzada Ajit Singh Nagar
TRACKON COURIER
Area Sales Manager
Permanent · Vapi
AVANTOR
Area Sales Manager || Patna/Ranchi
Permanent · Ranchi
BDO INDIA LLP
Cnc Manager Production Manager Minimum 14 Yrs to 18 Yrs
Permanent · Chennai
KENT RO SYSTEMS
Corporate Sales Manager
Permanent · Chennai
AS
Opening For Production Manager in Leading Sweets Mfg Company
Permanent · Thane
CENTURY PLYBOARDS (I) LIMITED
Area Sales Manager - Ahmedabad
Permanent · Ahmedabad
SRL DIAGNOSTICS
Territory Development Manager
Permanent · Prayagraj
NATURELAND ORGANIC FOODS PRIVATE LIMITED
Area Sales Manager (Maharashtra)
Permanent · Mumbai
NATURELAND ORGANIC FOODS PRIVATE LIMITED
Area Sales Manager (Madhya Pradesh)
Permanent · Indore
GRAND CHEMICAL WORKS
Area Sales Manager- Jaipur & Lucknow
Permanent · Lucknow
KISHOR EXPORTS
Qam - Quality Assurance Manager For Garment Exports Company
Permanent · Ranchi
MARC LABORATORIES LTD.
Field Sales Officer/Area Business Manager / Regional Business Manager
Permanent · Varanasi
JAYPEE BROTHERS MEDICAL PUBLISHERS PVT LTD.
Area Sales Manager
Permanent · Prayagraj
RUDRAKSHA CERAMICS PRIVATE LIMITED
Area Sales Manager
Permanent · Pune
PROPERTYXPO.COM
Area Sales Manager| Real Estate Portfolio Management | Gurgaon
Permanent · Gurugram
SAHIBANDHU FINTECH SERVICES LIMITED
Area Sales Manager - Sahibandhu
Permanent · New Delhi
Published
Mar 1, 2017
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Future Lifestyle Fashions mulls selling investments in brands to raise funds

Published
Mar 1, 2017

Future Lifestyle Fashions (FLF) is planning to raise money by selling its investments in fashion brands and utilise the funds for deleveraging its balance sheet as well as other corporate purposes, according to a media report.



Future Lifestyle Fashions mulls selling investments in brands to raise funds - Future Lifestyle Fashion


The company has called for an EGM on March 24 to seek shareholders' nod to form a wholly owned special purpose vehicle (WOSPV) for transfer of identified investments held by the Company for consideration, Future Lifestyle Fashions said in a notice to its members.
 
Explaining the rationale behind the move, it said the company owned many brands and also has exclusive manufacturing and marketing licences for India for certain global brands.

 It has also invested in the fast growing fashion brands such as Cover Story, Clarks, Turtle, Mineral, Spunk and Giovani, among others which are owned by various investee companies.
 
Some of the brands are at a nascent stage and have considerable growth potential in future. In order to nurture each of the investments for its possible potential growth, it is necessary that proper support and guidance is given to each of these investee companies as per their specific needs and requirements, it added.
 
"The focus on such Investee Companies could be substantially enhanced if the investments held in these Investee Companies are transferred to a wholly owned special purpose vehicles (WOSPV)," the company said.
 
Accordingly, it is proposed to identify specific investments held by the company based on certain parameters, such as minimum holding, ability to monetise such investments, growth potential, etc from the investee companies, as may be identified by the Board or the committee of directors of the company, it added.
 
"The company would be utilising the funds raised by transfer of identified Investments to WOSPV for deleveraging its balance sheet as well as for general corporate purpose, restricting usage for general corporate purpose to 25 per cent of the amount realized by transfer of the identified investments to WOSPV," the notice to its shareholders said.
 

Copyright © 2022 FashionNetwork.com All rights reserved.