Home / Knowledge / News / Apparel/Garments / Future Lifestyle hikes stake in Industree
Future Lifestyle hikes stake in Industree
02
Mar '15
Kishore Biyani led Future Lifestyle Fashions Limited said it has hiked its stake in ethnic products firm Industree Crafts Pvt Ltd from 63.34 per cent to 72.16 per cent.

Future Lifestyle Fashions Limited (FLF), the apparel and accessories subsidiary of Future Group said in a stock exchange filing. Future Lifestyle did not disclose the terms of the transaction.

Kishore Biyani had first invested in Industree in 2009, which is in to designing, retailing and exporting of a wide range of products, including apparel under the 'Mother Earth' brand name.

Bangalore-based, Industree was co-founded by Neelam Chhiber nearly two decades back along with Poonam Bir Kasturi and started designing and retailing home accessories, but made by village artisans.

They worked through established NGOs and self-help groups and retailed through Industree branded stores, the first one which opened in 1996 in Bangalore.

Industree was into exports for the first six years and was successful in exporting products made with natural fibre as it was the only such player.

Industree is a hybrid social enterprise based in Bangalore supporting livelihoods of rural producers and agricultural workers all over the country.

They produce contemporary items using raw materials and traditional craft techniques and connects two ends of the spectrum, the producer and the market.

Future Lifestyle Fashions has a fashion business and has a portfolio of over 40 fashion and lifestyle brands. (AR)

Fibre2fashion News Desk - India


Must ReadView All

Courtesy: European Commission/European Union

Textiles | On 26th May 2018

EU set to negotiate FTAs with Australia & New Zealand

The European Union is all set to begin negotiations for free trade...

US bans import of cotton goods from Turkmenistan

Textiles | On 26th May 2018

US bans import of cotton goods from Turkmenistan

The US Customs and Border Protection (CBP) has issued a Withhold...

FPCCI prepares report on Pakistan's export issues

Textiles | On 26th May 2018

FPCCI prepares report on Pakistan's export issues

Federation of Pakistan Chambers of Commerce and Industry (FPCCI)’s...

Interviews View All

Rahuul Jashnani
Jashn

‘Online economy has changed the whole dynamics of buying habits.’

Nitin Soni
Dolphin Jingwei Machines

Taxation policies need to be made simpler

C. Dhandayuthapani
Mag Solvics Pvt. Ltd

ITME 2016 exploited our full strength like never before

Harmeet Singh

New Delhi-based Jogindra Industries Private Limited provides an assortment ...

John Kelley

Textile Events is one of the largest textile fair in the United Kingdom,...

Harsh Shah

Fynd is the central online shopping destination for fashion, offering...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

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

Leave your Comments


May 2018

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

news category


Related Categories:

Advanced Search