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Future Enterprises offers one-time settlement via sale of assets20 hrs ago

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Proctor & Gamble, which makes those products and more, is facing increasing competition. Shoppers are buying more store brands, which cost less and get prime shelf space in supermarkets and big box stores.

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Future Group, of which FEL is a part, failed to clinch a Rs 24,713-crore deal with Reliance Industries to sell its retail assets. FEL manufactures, designs, procures and distributes fashion apparel for group companies.

The Tata Group and private equity fund Bain Capital are evaluating the $1-1.5 billion buyout opportunity but are yet to firm up any plans, said the people mentioned above.

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