Future Group may list home furnishing arm on Friday

Company is periodically resetting their business model: MD

Future Group's home furnishing arm Praxis Home Retail may be listed on Friday, said sources familiar with the development.  Praxis was formed by de-merging the furnishing store chain HomeTown and the group’s on-line furnishing arm Fabfurnish, from Future Retail this year. Investors will get 1 share of Praxis Home for every 20 share held in Future Retail as per scheme of arrangement announced last month.

Company executives declined to comment. Last week logistics arm of the group Future Supply Chain (FSC) floated its IPO its listing should also happen soon. The company has been on a reorganizing spree over the