L Catterton Asia to Make a Significant Investment of Approximately 10% Stake in Future Lifestyle Fashions Limited
Summary
With support from a large retail channel, FLFL also leverages its strong portfolio of owned brands that contribute to approximately 40% of total sales, thereby creating a distinctive, integrated fashion play.Commenting on the investment, Chairman and Managing Partner of L Catterton Asia, Ravi Thakran, stated, "We are excited about this new partnership with FLFL and believe it offers a unique combination of retail formats which cater to a large and fast growing aspirational consumer segment.The underpenetrated retail sector in India offers significant opportunity and we look forward to working alongside Mr. Biyani and the outstanding management team throughout this next phase of the Companys growth.Rahul Garg, Partner, Premji Invest said, "Over the last four years, we have been privileged to work with Mr. Biyani and his management team in scaling up the business across all verticals and unlocking significant shareholder value.L Catterton Asia leverages its strategic relationship with LVMH and Groupe Arnault across the entire investment process, from proprietary deal origination and industry-specific due diligence to post-investment operational value-add to its portfolio companies.