Fung Capital to invest in JV with India’s Future Group
Fung Capital, the private equity arm of the family owners of Li & Fung Group, will invest in a wholesale joint venture with India’s Future Group. Fung Capital is expected to hold at least a 26% stake in the venture with Kishore Biyani and his family, who founded Future Group, owning the remainder.
Rajesh Ranavat, managing director of Fung Management Singapore, which handles the Fung family's business interests, confirmed the tie-up to The Wall Street Journal. The joint venture will consumer goods...
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