Future Lifestyle Fashions Limited announced that Mr. Luv Dinesh Parikh, who was appointed as Nominee Director (representing Vistra ITCL (India) Ltd., ("the Trustee")) on the Board of the company, has ceased to be Nominee Director of the company, with effect from close of business hours on 28 May 2021, consequent to nomination of Mr. Himanshu Dodeja as Nominee Director in his place by the Trustee. Pursuant to the Nomination letter received from the Trustee and based on the recommendation of the Nomination and Remuneration Committee, the Board vide its Circular Resolution passed, have appointed Mr. Himanshu Dodeja as a Nominee Director (Additional Director) on the Board of the company with effect from close of the business hours on 28 May 2021, who shall hold office up to the date of the upcoming annual general meeting of the company. Mr. Dodeja joined Blackstone in 2016 and is currently a Managing Director at Blackstone India. Mr. Dodeja plays a key role in the mergers & acquisitions, private equity and capital markets related initiatives of the firm and takes a lead on all the legal matters in India. Mr. Dodeja serves as a director on the board of Blackstone Advisors India Private Limited, which is an advisor to The Blackstone Group Inc. and its affiliated funds.
Future Lifestyle Fashions Limited is an India-based integrated fashion company. The Company has a portfolio of fashion brands that covers a range of fashion categories, including formal menswear, casual wear, active or sportswear, ethnic wear, denim wear, footwear and accessories for men and women. It owns and markets brands, through its in-house retail chains Central and Brand Factory, exclusive brand outlets and other multi-brand outlets. Its retail chain Central offers shoppers options to choose from over 1000 brands across categories, including apparels, cosmetics, fragrances, eyewear, watches, accessories, mobiles, electronics and home, among others. The Company's retail chain Brand Factory offers various merchandise, including men's formals, casuals, youth wear, women's western wear, womenâs ethnic, sportswear, infant wear, accessories, footwear and luggage, among others. It houses various domestic and foreign brands, such as Lee Cooper, Champion and Indigo Nation, among others.