Future Group partners with UK-based Laura Ashley
Bhagyashree Vivarekar / 21 Feb 2017
The shares of Future Retail is currently trading at Rs 250, up by 19.3 points or 8.37 per cent from the previous close of Rs 230.7. Future Group has teamed up with Laura Ashley, a UK-based clothing and home furnishing brand.
Future Group has teamed up with Laura Ashley, a UK-based clothing and home furnishing brand.
Laura Ashley runs around 450 stores globally and now, Future Group has gained exclusive right to manufacture and trade merchandise and bulk distribution in India.
Future Group is a prominent player in the Indian retail and fashion sector. While, Laura Ashley is a global brand which was well-known in the 1980s, for its floral dresses. The company also has its clothing line and deals in home furnishing business.
The company plans to include the brand in its department store-Central and open at least 15 new stores in the coming years. Future Group’s management informed that they are making efforts to bring more brands in its home furnishing stores, HomeTown, as they see a huge potential in the market.
The shares of Future Retail is currently trading at Rs 250, up by 19.3 points or 8.37 per cent from the previous close of Rs 230.7. On Tuesday, the scrip opened at Rs 231.2 and touched high and low of Rs 262.2 and Rs 230, respectively.
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