India: Future Group may divest in-house brands to repay lenders

India: Future Group may divest in-house brands to repay lenders

Future Group chairman Kishore Biyani. Photo: Hemant Mishra/Mint

Kishore Biyani’s Future group plans to sell some of its in-house brands as the retail-focused group faces pressure from lenders to reduce debt, two people aware of the development said.

Some of the prominent in-house brands of the cash-strapped group include Cover Story under its apparel retail business Future Lifestyle Fashion Ltd and Tasty Treat under its snacks unit Future Consumer Ltd. The group is planning to unlock value in some of these in-house brands, the people cited above said on condition of anonymity.

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