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FLFL informs lenders to present a debt restructuring plan

29 April 2022, Mumbai:

Future Lifestyle Plans Debt Restructuring Pitch.

Tells lenders it will soon present plan; must arrange *163 crores by tomorrow to keep bankruptcy at bay.

ALSO READ Future Lifestyle Fashion revival plan starts after Reliance acquisition deal fizzles

Future Tense
Future Lifestyle Fashion (FLFL) has a debt of Rs 2,129 cr.
Promoter Ryka Commercial Ventures has raised Rs 1205 cr from Blackstone.
FLFL had paid Rs 47.26 cr on Mar 31 to lenders as per one-time restructuring.
FLFL has to pay Rs 63 cr of the working capital loan; infuse Rs 100 cr equity.

RELEVANT NEWS Future of Future Group?
Payment has to be made by April 30 to avoid default.

Future Lifestyle Fashion Ltd (FLFL) informed on April 26 that it would soon present a debt restructuring plan, a move aimed at staving off its entry into the bankruptcy process, said two people aware of the matter.

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CREDITS: ET Dt 29-04-2022 (The news article has not been edited by DFU Publications staff)

FLFL informs lenders to present a debt restructuring plan

Anushree Reddy Launches Store @ ROAD#12

26 April 2022, Mumbai:

All Roads lead to #Roadno12

About Anushree Reddy:

Hyderabad-based designer Anushree Reddy began her design career in 2010.

A self-taught designer and management graduate Anushree made her debut at Lakme Fashion Week Summer/Resort 2013.

ALSO READ Anushree Reddy’s new bridal collection launched at Aza store in Bandra, Mumbai

About the Collection

The new store marks the new era of Anushree Reddy where she ventures into resort and luxury pret line.

Pretty pastels, whimsy, romance, and exquisite craftsmanship come to mind when you think about Hyderabad-based designer Anushree Reddy’s bespoke creations. The brand has become a celebrated fashion label since its inception in 2010 and marked 10 years of making bridal dreams come true by inaugurating its couture store Bougainvillea on Road No. 14 in Hyderabad’s famous Banjara Hills district.

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Known for its soft palette, beautiful floral motifs, and unique silhouettes, the Anushree Reddy brand has become a must-have for modern brides-to-be and the wardrobes of India’s fashion-conscious.

Anushree Reddy is set to open the doors of a unique concept store situated on Road No. 12 in Banjara Hills. More than just a retail destination, the 5100 sq. ft venue, Road No. 12 is spread over 3 storeys and is designed to offer customers a true sensory experience.

Says Anushree, “this new store is our offering to Hyderabad and the fashion-conscious clientele, a glimpse of timeless treasures and more.

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Anushree Reddy Launches Store @ ROAD#12

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