Home / Knowledge / News / Apparel/Garments / Future Lifestyle hikes stake in Mineral Fashions
Future Lifestyle hikes stake in Mineral Fashions
12
Dec '14
Future Lifestyle Fashion (FLFL), the Future Group's fashion arm has bought an additional 14.3 per cent stake in Mineral Fashions, a designer and marketer of fashion clothing and accessories, the retailer said in a filing with the BSE.

The additional acquisition takes the stake of Future Lifestyle from 22.7 per cent to 37 per cent in Mineral Fashions, which retails under an eponymous name of the fashion designer Priyadarshini Rao, who founded the company.

The Kishore Biyani-led fashion retailer had made its first investment in Mineral Fashions which focuses on the premium designer end of the market in April 2013, when it picked a 22.7 per cent stake.

Mineral operates six exclusive brand outlets and is also available in large format stores like Lifestyle, Central and Shoppers Stop.

Earlier in October this year, Future Lifestyle divested 31.5 per cent of its stake in Celio Future Fashion Ltd and upon completion of the divesture, will hold only a 3.5 per cent stake in the joint venture company.

In 2012, Future Retail demerged its fashion business and formed a new company in the name of Future Lifestyle Fashions, which has a portfolio of around 40 fashion and lifestyle brands. (AR)

Fibre2fashion News Desk - India

Must ReadView All

President Donald Trump; Courtesy: White House

Textiles | On 24th Jan 2017

US sets ball rolling for withdrawal from TPP

President Donald Trump has set the ball rolling for withdrawal of the ...

Courtesy: NEJ

Apparel/Garments | On 24th Jan 2017

NEJ fully acquires Bills Khakis from Source Capital

Provider of reverse logistic excess inventory solutions for specialty ...

President Donald Trump; Courtesy: White House

Textiles | On 23rd Jan 2017

US textile industry eager to work with President Trump

The US textile industry is eager to work with President Donald Trump...

Interviews View All

Yashiki Gumber
Sahiba Fabrics

Fabric does not restrict us from fashion trends

Shawn Honeycutt
Bolger & O'Hearn

‘The Indian market is interesting and rather persistent in seeking new...

Krishnanand Tripathi
Textrade International Ltd

We believe in vocational education for entry-level employees, offering...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Urs Stalder
Sanitized AG

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

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Judy Frater
Somaiya Kala Vidya

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

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
January 2017

January 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search