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Samar Lifestyle eyes Rs 350 Cr turnover from Florsheim biz

Samar Lifestyle, which will sell the Florsheim brand of shoes in India, is eyeing a Rs 350 crore turnover by 2022 through multi brand outlets and Exclusive Brand Outlets, a top company official said. The agreement between the company, part of the Sara Futura Group and Weyco Group to sell the brand, was formalised between Sara Group Managing Director Kayum Dhanani and Weyco Group CEO Tom Florsheim Jr in January 2018. “Our idea is the licensing and retailing business.We want to sell around half a million pair of shoes in…

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Future Lifestyle Fashions raises Rs 350 crore through NCDs

Future Lifestyle Fashions¬†Ltd (FLFL), part of the Kishore Biyani-led Future Group, has raised Rs 350 crore through issuance of non-convertible debentures series on a private placement basis. “The Committee of Directors… has issued and allotted 3,500 senior, secured listed, rated, redeemable non- convertible debentures series – IV (NCDs) of Rs 10 lakh each at par for cash aggregating Rs 350 crore to the investors, on private placement basis,” FLFL said in a regulatory filing. Last week, the company had reported a 3.23 per cent increase in consolidated net profit at…

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