Future Group
Big Grid
We were fed up with your lackadaisical attitude, Future Group CEO Kishore Biyani tells Amazon
Opening up after being locked in an intense legal battle with Amazon over the Rs 24,713 crore deal with Reliance, Future Group Founder and CEO Kishore Biyani said in a letter to Amazon.com NV Investment Holdings LLC said, "You were well aware...
Retail
Future Group conceptualising 2 new brands, opening new stores even as its firms receive large orders from Reliance
Future Group firms have started getting large orders from Reliance Industries, its CEO Kishore Biyani said in an email to his employees on Tuesday. The group firms Future Consumer and Future Enterprises have recently received orders from Reliance Industries.
"We have received a large order...
Retail
Retailers hopeful of achieving ~85% pre-COVID sales by June 2021
With an epic battle of billionaires for supremacy in one of the world's most prolific markets and a pandemic-propelled surge in online shopping in the background, India's nearly trillion-dollar retail market is hoping to touch 85 per cent of...
Retail
Amazon's manipulative policies to dominate Indian retail must end: CAIT
Trader's body CAIT on Monday said Amazon's "manipulative, coercive, arbitrary and dictatorial policies" to dominate India's retail trade should come to an end, hours after the Delhi High Court passed an order related to Future Group's proposed asset sale to Reliance Retail, a deal...
Retail
Delhi High Court dismisses Future Retail's plea against Amazon
The New Delhi High Court on Monday dismissed a plea from Future Group that sought to restrain US partner Amazon.com Inc from interfering in its $3.4-billion asset sale to Reliance Industries. Future Group sold its retail assets in August to...
Food
Big Bazaar turns focus to Tier II, will open 300 hypermarket stores in 9 months
India's leading hypermarket chain Big Bazaar, which has its presence in over 100 cities across the country, is planning to open 16 more stores to take the overall count to 300 over the next three quarters, a company official has...
Big Grid
Gurvineet Singh, CEO, Viviana Mall
Ashwin Sheth Group has appointed Gurvineet Singh as Viviana Mall’s Chief Executive Officer (CEO).
Singh is a dynamic professional from retail and shopping mall industry with over 14 years of experience.
In his earlier capacity as a Chief Operating Officer for...
Retail
Amazon seeks control of Rs 30,000 crore Future Group assets with Rs 1,431 crore investment
IANS -
Amazon is seemingly seeking to control 100 percent of FRL by controlling the entire Kishore Biyanis Groups majority equity in FRL, which means with an investment of Rs 1,431 crore, it seeks to control Future Group's assets worth about...
Retail
Future Retail logs Q2 consolidated net loss of Rs 692 crore
IANS -
Future Retail reported a consolidated net loss of Rs 692.36 crore for the July-September period.
During the same period last fiscal, the company had reported a consolidated net profit of Rs 165.08 crore.
Its revenue from operations during the period under...
Retail
HC seeks Amazon reply on Future Retail plea to restrain it from interfering in Reliance deal
The Delhi high court on Tuesday sought Amazon's response on a plea by Kishore Biyani led Future Retail Ltd (FRL) alleging that the e-commerce major was interfering in its deal with Reliance Retaion the basis of an interim order...
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Max Fashion launches new youth centric brand ‘Urban’
The first Max Urban collection will be available across the brand's retail stores as well as on the e-commerce...
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