Future Lifestyle Fashions (FLF) completes value unlocking in Lee Cooper Business through raising funds amounting to Rs 250 crore. The company has moved the Lee Cooper brand business to Future Speciality Retail (FSRL), a step down subsidiary of FLF, on March 29, 2017. This is an important step in FLF’s endeavour to unlock value in the Lee Cooper brand. Going forward, the company foresees a significant potential to scale up Lee Cooper business.
Lee Cooper is one of the fastest growing denim wear brand and FLF is focusing on taking it to the leadership position in the segment. This transaction along with the investee brands value unlocking has resulted in a combined Rs 700 crore fund raise for FLF. This gears FLF for a stronger growth combined with an expansion of the bottom-line resulting in higher returns on capital employed and equity.
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.