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Fashion Jobs
PHV
Human Resources Officer, Pvh Asia Pacific
Permanent · Hong Kong
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PUMA
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Permanent · Hong Kong
SHISEIDO
Senior Manager - Sales And Operations, Shiseido And Drunk Elephant
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SHISEIDO
Contract Accounting Officer, Finance & Accounts
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PHV
Senior Analyst ii, Business Process, Asia Pacific
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Senior Manager, Strategic Brand Planning & Integration, Tommy Hilfiger Asia Pacific
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PHV
Vice President, Shopper Experience, Calvin Klein Asia Pacific
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Marketing Executive, th Hkmo
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Brand Manager, Calvin Klein Asia Pacific
Permanent · Hong Kong
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CRM Executive
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PHV
Marketing Executive, Brand Marketing, Tommy Hilfiger Asia Pacific
Permanent · HONG KONG
PHV
Vice President, Brand & Shopper Experience, Tommy Hilfiger Asia Pacific
Permanent · Hong Kong
PHV
Visual Merchandising Manager, Hong Kong & Macau
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PHV
Manager, Merchandising, Tommy Hilfiger, Asia Pacific
Permanent · Hong Kong
L'OREAL GROUP
CRM Manager
Permanent · HONG KONG
COACH
Specialist, Human Resources
Permanent · HONG KONG
COTY
HR Manager, Hong Kong & Taiwan
Permanent · Hong Kong
PUMA
Senior Manager Fabric Development Apparel
Permanent · Hong Kong
SHISEIDO
Senior Manager - Financial Planning & Analysis, Finance And Accounts
Permanent · Hong Kong
SHISEIDO
Manager - Marketing (Social Media & Influencer Marketing), Shiseido And Drunk Elephant
Permanent · Hong Kong
By
Reuters API
Published
Aug 29, 2022
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Indian lender initiates bankruptcy process against Future's fashion unit

By
Reuters API
Published
Aug 29, 2022

A lead lender to India's Future Lifestyle has dragged the fashion retailer to bankruptcy, the company told the stock exchange on Monday, adding that it was seeking legal advice on the matter.


Photo: Brand Factory



Future Lifestyle said in a statement that State-run Bank of India has initiated legal proceedings under the country's Insolvency and Bankruptcy Code.

Part of debt-ridden Future Group, the fashion retailer, which operates clothing stores under "Central" and "Brand Factory" brands, said is was already in discussions with creditors over its debt restructuring proposal and has identified assets for sale to raise money.

Future Group's flagship retail unit, Future Retail - once the country's second-largest retailer, is already in bankruptcy proceedings after it defaulted on loans and its lenders rejected a $3.4 billion sale of its assets to market leader Reliance Industries.

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