Future Logistics Valued at $116 Million – Li & Fung Invests

The logistics arm of Pantaloon Retail Group – Future Logistics [a.k.a Fuure Supply Chain Solutions] has been valued by investment bankers at $116 mn and the company has roped in International Logistics major Li & Fung of Hong Kong by selling 26% stake. The funds will be used to setup more warehouses and building a nationwide transportation network.

Li & Fung is a major sourcing and distribution partner from Asia for many multinationals including Wal-Mart, Tesco, Nike etc. One should note that, in India Wal-Mart has joined hands with Bharti group and we feel Mr. Biyani made a smart move by roping in Li & Fung for Future growth of the company in an extremely competitive environment.

Mr. Biyani said,

We want to capture a dominant share in this segment as a third party logistics (3PL) service provider.

Currently Future Supply Chain Solutions has a warehousing sprad of over 3 mn sft servicing 1,100 retail outlets by a fleet of over 500 vehicles.