Flipkart bets on offline retail, may buy stake in Future Lifestyle Fashions

India's largest online retailer is in talks to acquire 8-10 per cent stake in Future Lifestyle Fashions

India's largest e-commerce marketplace Flipkart is looking to follow in the footsteps of its global rival Amazon and acquire stake in Future Lifestyle Fashions, one of the country’s leading offline fashion and lifestyle retailers.

Last month, the US online retailer had acquired a 5 per cent stake in Shoppers Stop for Rs 179.25 crore, leading to a deal where the offline retailer would sell its products exclusively on Amazon.

The Economic Times reported on Wednesday that Flipkart was looking to acquire 8-10 per cent stake in Future Lifestyle Fashions, a listed entity floated by Kishor Biyani’s Future Group. Leaders from