Future Lifestyle Fashions, part of India-based retail company Future Group, has acquired a 12% stake in Unico Retail, an India-based company that sells handbags, belts and wallets, Press Trust of India reported on Tuesday.
The amount of cash Future provided has not been disclosed, but Unico is the third company to be funded by Future Lifestyle, after women’s clothing supplier Resource World Exim and footwear producer Famozi.
Unico Retails sells its wares under the brand name ‘Peperone’.
– Photo courtesy of Unico Retail