October 26, 2016 1:55 AM ET

Food Products

Company Overview of Future Consumer Enterprises Ltd.

Company Overview

Future Consumer Enterprises Ltd. engages in the development, designing, branding, and distribution of fast moving consumer goods under the brand Tasty Treat, Clean Mate, Care Mate, Premium Harvest and Fresh and Pure. The company was formerly known as Future Speciality Retail Limited. The company was incorporated in 2008 and is based in India.



Founded in 2008

Key Executives for Future Consumer Enterprises Ltd.

Chief Executive Officer
Compensation as of Fiscal Year 2016.

Future Consumer Enterprises Ltd. Key Developments

Future Group Seeks Asset Sales

Future Group seeks to sell stake in various assets in 2015 to reduce debt. Future Group intends to sell stake in an insurance joint venture. "We have enough time to exit the insurance business," said Kishore Biyani, Founder of Future Group, adding that he is waiting for the foreign direct investment regulations and then will assess all the opportunities. Biyani is also looking at sale of remaining 17% - 18% stake in Pantaloons Fashion & Retail Limited (BSE:535755) to a private equity firm. "The transaction, if completed, could be worth about INR 225 crore," Biyani said. Assets that Biyani could potentially sell to raise funds include 70% equity in Future Supply Chain Solutions Ltd., holdings in Future's two insurance ventures, two equal joint ventures with Apollo Textile Mills Limited (KASE:APOT) and Gold Mohur Mills Ltd. in Mumbai, 10% stake in Future Consumer Enterprises Ltd., 15% - 18% in Future Lifestyle Fashions Limited (BSE:536507) and a joint venture with the US-based Staples, Inc. (NasdaqGS:SPLS). "I am under no pressure to sell. The INR 1,600 crore rights issue will get me into a comfortable position," added Biyani.

Recent Private Companies Transactions

Private Placement
October 1, 2016

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