Future Lifestyle Fashions (FLF) is planning to raise Rs 450 crore by monetizing holdings in its investee brand portfolio. Over the years, the company has invested in multiple brands at an early entrepreneur stage, acquiring stakes ranging from a minority to a majority.
In order to monetize the holdings, the company has now transferred them to a subsidiary called FLFL Lifestyle Brands. Post the transaction, FLF will hold a 49% equity stake in FLFL Lifestyle Brands and the investee companies will continue to be run independently by their respective entrepreneurs.
Future Lifestyle Fashions is an integrated lifestyle brands and fashion retail company. The company operates a portfolio of brands that are well diversified across key growth categories like women’s wear, fast fashion and casual wear.
