Future Lifestyle Fashions has executed definitive documents with Celio International SA, Belgium for divestment of its 31.5% stake in Celio Future Fashion (CFFL). Upon completion in terms of the documents, FLFL will hold 3.5% stake in CFFL.
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.