Competition Commission has approved the restructuring of Future group's fashion businesses. The proposed rejig involves five entities, Pantaloon Retail India, Futures Ventures India, Indus-League Clothing, Lee Cooper and Future Lifestyle Fashions. The proposed combination is a measure of internal re-structuring of the Future Group companies. Futures Ventures holds 95.29% stake in Indus-League, which owns branded apparel and accessories business such as Indigo Nation, Scullers among others. About 4.69% shareholding in the company is held by Bennett & Coleman. Lee Cooper is a subsidiary of Indus-League. Future Lifestyle is part of Pantaloon Retail. The latter holds 9.52% stake in Future Ventures. As per the proposed deal, the entire fashion business of Indus-League, including Lee Cooper, would be amalgamated with Future Ventures. The entire fashion business of retail major Pantaloon Retail including its format stores of Central, Brand Factory, and Planet Sports would be transferred to Future Ventures. Further, the entire fashion business of Future Ventures would be transfered to and amalgamated with Future Lifestyle.
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