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American footwear giant Sketchers has opened a national distribution centre in Mumbai, India, as part of its expansion in the Indian market. The 6,00,000 sq ft facility at the Lodha Industrial and Logistics Park in Kalyan has been designed to streamline supply chain operations and can ship up to 60,000 units per day. The centre features innovative flooring for easy transportation and is the first phase of a partnership to develop a 1.1 million sq ft facility in Palava township. Sketchers entered India in 2012 and acquired full control of its joint venture in 2018.
Debt-laden Future Retail Ltd.’s offshore bondholders -- a relatively smaller part of the creditor pool -- were promised 100% payment in the rescue offer from billionaire Mukesh Ambani, according to people with knowledge of the matter.
Published on Apr 26, 2022 05:00 PM IST
In a regulatory filing, Reliance said Future Group companies comprising Future Retail Limited (FRL) and other listed companies involved in the scheme have intimated the results of the voting on the scheme of arrangement by their shareholders and creditors at their respective meetings.
Published on Apr 23, 2022 06:15 PM IST
The top court also refused to stay legal proceedings in the Delhi high court and NCLAT over Amazon’s objection to the ₹24,713 crore acquisition of Future Retail by Reliance Industries Limited.
Published on Mar 04, 2022 12:17 AM IST
ByHTC and Reuters