>>
Rewind 2021 and prospects for 2022 Rewind 2021 and prospects for 2022
Home / Knowledge / News / Apparel/Garments / Future Group to explore Gulf market with new partnership
Future Group to explore Gulf market with new partnership
17
May '17
Future Group, which has several fashion retail formats under its portfolio, has signed a memorandum of understanding (MoU) with Oman based Khimji Ramdas Group to open FBB stores in UAE. It will initially sell apparel in Oman and will gradually expand to other regions in the Gulf. This is the first time that the company has forayed into international markets.

Both the companies have made an investment of Rs 75 crore each in this 50-50 joint venture.

Future Group will open 4-5 FBB stores in Oman and will eventually expand to have over 17-18 stores across the region, said Kishore Biyani, chief executive of Future Group while addressing the media at a press conference held in Mumbai. He added that the first store of the company will open in the first quarter of 2018.

Meanwhile, in the domestic market, Future Group's Future Lifestyle Fashions (FLF) has recorded a 17.5 per cent increase in its net sales for FY16. It has surpassed Shoppers Stop in terms of annual sales for the first time, as per the annual financial results of both entities. The collective sales of FLF amounted to Rs 3,877 crore during FY16.

The company expects to make a revenue of Rs 11,000-12,000 crore from its clothing business in India in the current fiscal, said Biyani. (KD)

Fibre2Fashion News Desk – India


Must ReadView All

Pic: Shutterstock

Textiles | On 29th Jan 2022

EU refers China to WTO following trade restrictions on Lithuania

The EU recently filed a case at the World Trade Organisation against...

Pic: Shutterstock

Apparel/Garments | On 29th Jan 2022

Philippines misses Jan 1 RCEP deadline; to conduct public hearing

The Philippines missed the January 1 effectivity of the Regional...

Pic: Shutterstock

Textiles | On 29th Jan 2022

ILO, BGMEA join hands to continue safety momentum in RMG sector

The International Labour Organisation (ILO) and the Bangladesh...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Liquidity is a primary issue in Indian context

Gaurav Davda, Jindal Worldwide Ltd

Gaurav Davda
Jindal Worldwide Ltd

Indian MMF sector to become globally competitive

Textile Industry, Head honchos

Textile Industry
Head honchos

Marry craft and utility

Dhirubhai & Arvind Shah,

Dhirubhai & Arvind Shah

It supplies synthetic fabrics to top international brands like M&S,...

Abdullah Mohammad Saad Hossain,

Abdullah Mohammad Saad Hossain

Saad Group is a leading vertically integrated textile group in Bangladesh. ...

C Maennich,

C Maennich

Trützschler, one of the world's leading textile machinery manufacturers,...

Johann-Philipp Dilo, Dilo Group

Johann-Philipp Dilo
Dilo Group

German company Dilo Group is one of the leading equipment suppliers of...

Kevin Young & Tom Lucas, Web Industries

Kevin Young & Tom Lucas
Web Industries

Web Industries is a precision formatter of nonwoven materials used in baby ...

Madison Maxey, Loomia

Madison Maxey
Loomia

Loomia designs and manufactures soft circuit systems that can be produced...

Anju Modi, Label Anju Modi

Anju Modi
Label Anju Modi

Filmfare Award winner for best costume designer,<b> Anju Modi </b>is...

Carmen Emanuela Popa, Label - Carmen Emanuela Popa

Carmen Emanuela Popa
Label - Carmen Emanuela Popa

<b>Carmen Emanuela Popa,</b> a Romanian fashion designer, is known for her ...

Payal Singhal, Label - Payal Singhal

Payal Singhal
Label - Payal Singhal

Leading South Asian fashion designer, <b>Payal Singhal </b>known for her...

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

ESTEEMED CLIENTS

Desigual - ABASIC, S.A.
Gloria Jeans
J ;& P Coats
BIRLA CENTURY A DIVISION OF CENTURY TEXTILES AND INDUSTRIES
Seasalt Limited
Walmart
G-Star Raw C.V.
SYNERGIES HONG KONG LIMITED
Aquarelle Clothing Limited
NITI Aayog
Varner AS Retail
Sportmaster Ltd.
Sportswear Company Spa
LC Waikiki
T.T. Limited
The Top Form Brassiere Manufacturing Company Limited
Calvin Klein
Alix Partners
Truetzschler India Private Limited
Arvind Limited
KAS Direct Sourcing
Hirdaramani International Export Private Limited
Tchibo GmbH
International Textile Manufacturers Federation
PVH Corporation
Green Fibre
The LYCRA Company Singapore  Pte. Ltd
Groz-Beckert East Asia LLP
Under Armour Global Sourcing Ltd
Gatsby Africa
Abit
H;&M Hennes ;& Mauritz (Far East) Ltd
Benetton Group
MAS Active / MAS Kreeda / MAS Bodyline
Target Corporation (MN)
Puma
Etam Group Strategy Hong Kong Limited
Grasim Industries Limited
Midas Clothing Limited
Sateri (Jiujiang) Fiber Co.,Ltd
Lisa S.P.A.
Cat Tuong Real Estate Group Joint Stock Company
C;&A Sourcing International Ltd
SHAHI Exports Pvt Ltd
OVS Hong Kong Sourcing Ltd.
KIABI
Lululemon Athletica Inc
Esprit Europe Services GmbH
THE BOMBAY DYEING ;& MFG.CO. LTD
Rosset ;& Cia Limited
Restoque S.A.
Chori Company Limited
Page Industries Limited (Bangalore)
Brandix Lanka Limited
Helly Hansen Far East Ltd
Sainsbury's Argos Asia Limited
Alison Hayes Romania
Amazon China
Vianney Textil Hogar S.A. De C.V.
Lifestyle
Eastman Chemical Company
Decathlon
Aramark Uniform ;& Career Apparel, LLC
Tommy Hilfiger
Landmark Group
Hela Clothing Pvt Ltd
Asos
IDH – The Sustainable Trade Initiative
Huntsman (Singapore) Pte Ltd
Bluestem Global Sourcing Limited
Lacoste (Wanchai)
Vardhman Textile Ltd
Gap International Sourcing Limited
Lenzing Aktiengesellschaft
IKEA of Sweden AB
Babyshop
BIANCA
Deckers Outdoor (Guangzhou) Consultant Co., LTD.
Tory Burch Hong Kong Ltd
John Varvatos
Splash
BIMBA ;& LOLA SL
Permoda(Koaj/Armi/Pronto/Bkul)
TESCO INTERNATIONAL SOURCING LIMITED
HYOSUNG CORPORATION INDIA PRIVATE LIMITED
Boardriders Asia Sourcing Limited
Maceton Limited
Recron Polyester from Reliance Industries Limited
Gokaldas Exports Limited
Rayonese Textile Inc., Division de Culp Inc.

January 2022

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


Advanced Search