Fu­ture Life­style to Ac­quire Pepe Jeans In­dia

Apparel - - Market Watch -

Kishore Biyani-led Fu­ture Life­style is in ad­vanced stages of ne­go­ti­a­tions with Pepe Jeans to ac­quire its lo­cal arm and merge with its own Lee Cooper port­fo­lio to cre­ate one of the coun­try’s big­gest ca­sual wear brands. Pepe Jeans In­dia is a fully owned sub­sidiary of Barcelona-based Pepe Jeans Group, which counts LVMH-owned L Cat­ter­ton and Le­banese in­vest­ment firm M1Group as ma­jor­ity share­hold­ers. In May this year, L Cat­ter­ton bought a 10 per cent stake in Fu­ture Life­style that owns de­part­ment store for­mats in­clud­ing Cen­tral and Brand Fac­tory, and more than a dozen brands in­clud­ing Indigo Na­tion and Lee Cooper.

Pepe op­er­ates more than 200 branded out­lets in In­dia—most of them be­ing fran­chisee-run. In Fe­bru­ary 2015, Pepe Jeans and Hack­ett Lon­don—both part of the Pepe Jeans Group—were bought by L Cat­ter­ton and M1 from Tor­real Funds, Arta Cap­i­tal and L Cap­i­tal Europe.

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