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Retail
Future Retail anticipates liquidation if deal with RIL fails
IANS -
As a Singapore arbitration court has temporarily halted the acquisition process of Future Group's retail business by Reliance Retail, there has been speculation over what happens to Future Retail if the deal does not actually go through.
Future Retail's representative...
Retail
Flipkart Group garners 68 pc of Rs 29,000 cr festive sales: Report
IANS -
Riding on a shopping surge in smaller towns and cities, Flipkart Group emerged as overall leader during the week-long festive sales, accounting for 68 percent of the total sales as the country saw a massive 55 percent (year-on-year) growth...
Retail
Jeff Bezos, Mukesh Ambani set for long-drawn war over Future Retail
IANS -
As Reliance Industries Ltd (RIL) stepped into the e-commerce space with JioMart, speculations ran rife over two of world's richest individuals up for a confrontation in the market. But RIL's proposed acquisition of Future Group's retail business has just...
Retail
In Bezos vs Ambani battle, focus on disclosures by Amazon
IANS -
In the Jeff Bezos vs Mukesh Ambani battle royale for the Indian retail market, which is now also evolving into a 'videshi vs swadeshi' battle, questions are being raised by corporate watchers.
Eight absolutely unknown facts are emerging in the...
Retail
Deal with RIL in line with Indian laws, not party to agreement with Amazon: Future
IANS -
After a Singapore arbitration court ordered a temporary stay on Reliance Retail's acquisition of the debt laden Future Group's retail business, the latter has said that the deal with Reliance Retail is in consonance with Indian laws.
It further said...
Retail
Future Retail may challenge order stalling deal with RIL
IANS -
Kishore Biyani-led Future Retail on Monday indicated that it may challenge the interim order, wherein a Singapore arbitration court has directed to hold its deal with Reliance Retail Ventures Ltd (RRVL).
In a statement, Future Retail said that all the...
Retail
Future-RRVL deal stalled; RRVL says 'intend to enforce rights & complete transaction'
IANS -
E-commerce major Amazon has got a favourable ruling in Singapore regarding the Reliance Retail's buyout of the debt-laden Future Group as the deal has been temporarily stalled.
Reliance Retail Ventures Ltd in a statement said that it has entered into...
Retail
E-tailers begin second festive sale round after seven-day fiesta
IANS -
After registering record sales in the seven-day period to kick off the festive season after pandemic-induced lockdowns, e-commerce marketplaces like Amazon and Flipkart have announced the second round of online sales to keep up the momentum.
Amazon on Saturday announced...
Retail
Amazon's 'I Have Space' aids local stores expand business amid pandemic
IANS -
The ongoing pandemic and the lockdowns have had a severe impact on local stores and as the restrictions were lifted, they started getting back to business. Several offline stores and retailers have also integrated themselves with the online segment...
Retail
Festive sales bring cheer among retailers; e-commerce players enjoy higher pie
A buying spree among consumers during the current festive season has ushered in green shoots of recovery in the retail sector, which was severely affected due to the COVID-19 crisis, while e-commerce companies enjoy a higher pie of sales...
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Reliance Retail’s Tira opens 12th retail store
The new Tira outlet is located at Phoenix Marketcity Mall, Kurla, MumbaiBengaluru: Reliance Retail’s omni-channel beauty retail platform Tira...
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