 "Eyes on overseas market: Future group signs JV with middle east firm")
After Noel Tata-led Trent, Kishore Biyani’s Future Group is foraying into overseas markets.
Future Group on Tuesday signed a memorandum of understanding (MoU) with Oman-based Khimji Ramdas LLC (KR) to set up a joint venture (JV) to launch fbb stores in West Asia. Both companies have invested Rs 75 crore each in the 50:50 JV.
The JV company — KR Future Fashions LLC — will open four or five fbb stores in Oman and 17 to 18 stores in the region, said Biyani, group chief executive officer, Future Group.
fbb stores sell apparel and other fashion merchandise.
Future Group is also planning to extend
