Home / Knowledge / News / Apparel/Garments / Future Lifestyle transfers Lee Cooper to new subsidiary
Future Lifestyle transfers Lee Cooper to new subsidiary
03
Oct '16
Courtesy: Lee Cooper
Courtesy: Lee Cooper
Future Lifestyle Fashions said it is hiving off its denim jeans brand Lee Cooper into a new subsidiary, Future Specialty Retail, while also issuing Rs 250 crore convertible preferential shares to the new subsidiary. Future Specialty Retail was incorporated on September 27, with a subscription amount of Rs 5 lakh, according to a BSE exchange filing.

Quoting market sources, media reports informed that this fund infusion will result in the promoters diluting 26 per cent of the brand value of Lee Cooper, which is pegged at Rs 1,000 crore.

In the same filing, the Kishore Biyani led company also said that it's another wholly-owned subsidiary, Future Trendz, will carry on the fashion retail business and related activities.

Future Lifestyle Fashions operates fashion retail chains like Central and Brand Factory and also has various other clothing brands like Sculler, Clarks, Indigo Nation and Lee Cooper. (AR)

Fibre2Fashion News Desk – India


Must ReadView All

Apparel/Garments | On 23rd Jun 2017

Alfredo Grassi to develop graphene-enhanced workwear

Alfredo Grassi, manufacturer of customised protective clothing,...

Courtesy: IMRG

Apparel/Garments | On 23rd Jun 2017

UK online retail sales up only 10.2 pc YoY in May 2017

UK online retail sales were up 10.2 per cent year-on-year (YoY) in...

Courtesy: Radicigroup

Textiles | On 23rd Jun 2017

Radici Chimica focuses on business continuity

Radici Chimica SpA, a strategic RadiciGroup company, is keen on...

Interviews View All

Sonia Agarwal
Whitenife

‘The terms eco-friendly and organic are common but everyone perceives them ...

Siddharth Biyani
Mangalam Industries Pvt Ltd

‘The manufacturing sector is improving day-by-day, becoming better in...

Smarth Bansal
Colorjet India Limited

We would like to venture more companies into the Indian market

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
June 2017

June 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search