>>
Home / Knowledge / News / Textiles / HK-based Fung Capital to invest $30 mn in Future Logistic

HK-based Fung Capital to invest $30 mn in Future Logistic

21
Jul '09
Future Logistic Solutions Limited (FLSL), a Future Group company engaged in supply chain and logistics solutions for the consumption sector in India, announced an investment agreement for private equity investment with Fung Capital, the private equity investment arm of the families of Dr Victor Fung and Dr William Fung, the controlling shareholders of the Li & Fung Group.

This investment is unrelated to any of the Li & Fung Group companies. Fung Capital, will invest around US $30 million in Future Logistic Solutions Limited which will be used for the enhancement of the logistics infrastructure of the company, strengthening of the technology platforms and expansion of the supply chain network of the company.

Founded in 2007, FLSL is India's first and only end-to-end consumer logistics company with expertise in the supply chain management of consumer product categories of Fashion, Food, Home Products and General Merchandise. It operates 30 distinct supply chains for these categories that are managed simultaneously, each with its own distinct requirements and customized solutions. FLSL currently services over 1100 retail outlets across India, managing more than 2.6 million SKU's from a warehousing network spread over 3 million sqft in 30 major centers in India and a fleet of over 500 vehicles plying across the length and breadth of the country.

FLSL takes over the entire task of managing the supply chain from the consumer, distribution and retail companies so that they can focus on their core activities. It offers a single-window to all the supply chain solutions required by companies like factory-gate logistics, storage & fulfillment, retail store replenishments, movement (nationwide and intra-city), cold chain, freight forwarding, custom clearance, reverse logistics and distribution services.

FLSL also provides value-added services like inventory planning & control support, vendor management, supply chain network modeling, quality assurance, bar coding services, process & productivity management services and packaging solutions.

“We have always had deep admiration for the entrepreneurial energy and the professional expertise that the Fung brothers and the Li & Fung Group have developed in sourcing, logistics and distribution solutions for almost every well known retailer in the world. Now with Fung Capital as our partner, we hope to offer global expertise in building the next generation logistics solutions for the Indian consumption sector, improve supply chain efficiencies and bring down costs for consumers,” said, Mr. Kishore Biyani, Group CEO, Future Group.

“We are delighted with the opportunity to partner with the Future Group in this logistics venture, which represents our first investment in India” said, Mr Rajesh Ranavat, Managing Director, Fung Capital He added that India is witnessing strong growth of modern retail and in turn will drive the requirement for integrated national logistics providers like FLSL. “We are very impressed with Mr. Kishore Biyani's success in building India's largest consumer retail group and have full confidence in FLSL's management team led by Mr. Anshuman Singh to execute its strategy of building a world class logistics operation in India” concluded Mr Ranavat.


Must ReadView All

Pic: Shutterstock

Textiles | On 21st Jan 2022

UK CMA to commence compliance review of sustainability claims

To help businesses understand how to communicate their green...

Pic: Dreamstime.com

Apparel/Garments | On 21st Jan 2022

Bangladeshi garment, accessory makers form joint panel to boost export

The Bangladesh Garment Manufacturers and Exporters Association, the...

Pic: Shutterstock

Textiles | On 21st Jan 2022

China to optimise energy production, supply, storage, sales

As the global energy market faces complicated situations, China’s top ...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Fabric selection & recommendation based on client's brief

Florian Heubrandner, Lenzing AG

Florian Heubrandner
Lenzing AG

Sustainable and eco-friendly fibres remain in the minority

International apparel brands, Head honchos

International apparel brands
Head honchos

Launched first collection at onset of Covid

Shivaani Jain,

Shivaani Jain

Established in 2015, Once Upon A Trunk is a one-stop-shop with almost...

Klaus Bergmann,

Klaus Bergmann

German company Erbatech GmbH develops, designs and manufactures high end...

Ghatit Laheru,

Ghatit Laheru

When the 2001 tremblor wrecked the Kachchh region of Gujarat throwing many ...

Dave Rousse, INDA

Dave Rousse
INDA

INDA, a global association of the nonwoven fabrics industry, has been...

Frank Heislitz, Freudenberg

Frank Heislitz
Freudenberg

Freudenberg Performance Materials is a leading global manufacturer of...

Jacques Prigneaux, EDANA

Jacques Prigneaux
EDANA

EDANA has been the leading global association and voice of the nonwovens...

Gavin Miguel, Label Gavin Miguel

Gavin Miguel
Label Gavin Miguel

Acclaimed fashion designer <b>Gavin Migue</b>l is known for his couture...

Bav Tailor, Label Bav Tailor

Bav Tailor
Label Bav Tailor

Born in London and Indian by origin, <b>Bav Tailor </b>is the Founder of...

Suman Nathwani, Suman Nathwani

Suman Nathwani
Suman Nathwani

Designer <b>Suman Nathwani</b> talks about her journey of opening a...

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

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

January 2022

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


Advanced Search