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April 28, 2013

Deal Alert: Future Ventures invests in KFC Shoemaker

Future Ventures India Ltd. (FVIL) is to invest in KFC Shoemaker Pvt. Ltd. Post completion of issue and allotment of equity shares, FVIL will hold 33.3% of the issued and paid up share capital of KFC Shoemaker, which is engaged in the business of sourcing footwear from domestic as well as foreign suppliers. The company also undertakes retail sale of leather shoes / footwear / bags under the Tresmode and Solvoga brands. 

KFC Shoemaker posted revenues of Rs.25.89 crore for the period ended March 31, 2013, as against Rs.21.52 crore in the previous year period.

Source: Press Release
 
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