Future Lifestyle Fashions Limited (NSE: FLFL), India’s largest integrated branded fashion company, received an investment from L Catterton Asia, the Asian unit of the global consumer-focused private equity firm.
The amount of the deal was not disclosed.
L Catterton Asia took an approximately 10% stake in the company through a mix of preferential allotment and secondary purchase of shares.
Founded in 2012 by Kishore Biyani, CEO, FLFL owns and markets about 30 fashion brands through brand outlets, department stores and multi brand outlets, as well as company operated chains such as Central and Brand Factory.
FLFL collectively operates more than 400 stores spread over 6 million square feet of retail space.
The investment will enable the company to continue growing in India.