Koutons

Brands such as Koutons, Levis, Reebok and Adidas, which were traditionally not franchising, have lately started looking at the model.

Daily News & Analysis 2009

BANGALORE - Koutons Retail India Ltd. said Friday its lenders have approved the company's proposal to recast its debt.

Koutons Retail's Lenders Approve Debt Restructuring Plan Rumman Ahmed of Dow Jones Newswires 2011

IFCI's stake in Koutons Retail has gone up to 10.24% from 5.89% earlier, the company said in a notice sent to the stock exchanges.

IFCI Raises Stake in Koutons Retail Rumman Ahmed of Dow Jones Newswires 2011

Koutons Retail's founders and founder groups, who own 32% of the company, had pledged 98% of their shareholding to lenders as of Dec. 31, 2010, data from the stock exchanges showed.

IFCI Raises Stake in Koutons Retail Rumman Ahmed of Dow Jones Newswires 2011

"It was a huge disappointment, to put it mildly," said Raj Kondur, director, Ascent Capital, of the firm's exit from Koutons.

Private Equity Firms' Losses Low But Rising 2011

Lenders have also agreed to a reduction in interest rate on all loans, Koutons said.

Koutons Retail's Lenders Approve Debt Restructuring Plan Rumman Ahmed of Dow Jones Newswires 2011

Shoppers Stop rose 3.4%, Vishal Retail added 6.8%, and Koutons Retail added 7.7%.

Yen Strength Leads Asian Stock Declines Leslie Shaffer 2011

In December, Bangalore-based Ascent Capital sold an undisclosed part of its stake in troubled Koutons Retail India Ltd for $1.5 million.

Private Equity Firms' Losses Low But Rising 2011

Pantaloon Retail fell 12%, Koutons Retail lost 7.3%, and Shoppers Stop dropped 2.8%.

European, Asian Shares Rise 2011

Koutons, currently, faces lawsuits filed against it for non-payment of dues to suppliers.

Private Equity Firms' Losses Low But Rising 2011