Future Lifestyle Fashions has made further investment in Eclat Lifestyle (ECLAT) to increase its total stake from 11% to 30% of the paid-up capital of the company. ECLAT is engaged in the business of footwear under brand name ‘Famozi’.
Earlier in June, Future Lifestyle Fashions acquired 12% stake in Unico Retail, a company engaged in the business of handbags, belts and wallets under the brand ‘PeperOne’ in India.
Future Lifestyle Fashions has been formed through the demerger of the lifestyle fashion businesses of Future Retail (formerly Pantaloon Retail (India)) and Future Ventures India. It has a strong portfolio of owned and licensed brands and has established retail presence pan-India.
