Brief: Future Lifestyle Fashions Gets Termination Notices For Sub-Leased Properties From Reliance Entities

Future Lifestyle Fashions

09/03/2022 12:31

March 9 (Reuters) - Future Lifestyle Fashions Ltd  FLFL.NS :
    * RECEIVED CERTAIN TERMINATION NOTICE(S) IN RESPECT OF
SUB-LEASED
PROPERTIES FROM RELIANCE ENTITIES
    * FURTHER NOTICES HAVE BEEN RECEIVED
    * GOT TERMINATION NOTICES FOR SUB-LEASED PROPERTIES FROM
RELIANCE
ENTITIES FOR 34 "CENTRAL" STORES, 78 "BRAND FACTORY" STORES
    * IN CONTINUOUS DISCUSSION WITH RELIANCE TO MAINTAIN STATUS
QUO,
SAFEGUARD INTEREST OF VARIOUS STAKEHOLDERS
    * AS OF NOW, THESE STORES ARE NOT OPERATIONAL FOR STOCK AND
INVENTORY RECONCILIATION
    * IN CONTINUOUS DISCUSSION WITH RELIANCE GROUP FOR
MAINTAINING
STATUS QUO

Source text for Eikon:  ID:nBSE2P7MP2 
Further company coverage:  FLFL.NS 

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