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Future Retail

The HyperCity Story: What Went Wrong

HyperCity, which had appointed Ramesh Menon as CEO last year has been for some time now, struggling to maintain its own in front of its bigger and more popular competition, Big Bazaar. However, there was once a time when the...

Future Retail acquires HyperCity for Rs 655 crore

Kishore Biyani-led Future Retail has acquired HyperCity Retail for Rs 655 crore. The buyout, through cash, worth Rs 155 crore and shares worth Rs 500 crore would give Biyani control over 19 large outlets of HyperCity spread across Mumbai, Hyderabad, Bengaluru, Bhopal,...

Shoppers Stop may sell Hypercity to Future Retail for Rs 700 crore

Raheja Group’s multi-brand fashion retailer Shoppers Stop Ltd on Saturday announced selling 5 per cent of its equity share (43.96 lakh shares) of Rs 5 face value to e-tail giant Amazon.com at Rs 407.78 per share, aggregating to Rs...

Future Retail explores merger options with HyperCity Retail

Kishore Biyani-led Future Retail is in talks with HyperCity Retail, part of the K Raheja Corp Group, for a possible merger between the two. According to a PTI report: "All discussions at this stage are exploratory in nature. The company...

Future Group to increase penetration of smaller format retail stores in Tier II, III cities

Future Group is looking to increase the penetration of its smaller format retail stores in Tier II and III cities in a bid to source about 65 per cent of total sales from its private labels in the next...

Future Retail resolves margin issues with companies including HUL

Future Retail has resolved the margins issue with almost 80 per cent of its suppliers, including FMCG major HUL, under the new GST regime. According to a PTI report: The companies have agreed to pass on the pre GST margins...

Ahead of GST rollout, retailers dole out massive discounts

India will adopt its most comprehensive indirect tax reform, the Goods and Services Tax (GST) - on July 1, 2017. GST will help remove tax barriers between states, creating a single market. The roll-out will replace a plethora of...

Future Retail focuses on 'no disruption' in supply chain in GST

Weeks before Goods and Services Tax (GST) rolls out, Future Retail has been working with vendors and its partners to ensure no disruption in supply chain in the indirect tax regime, a top company official said on Tuesday. "We are...

Future Retail to open new distribution centres to save cost, ensure faster delivery

Future Retail is looking at opening new distribution centres to ensure that products reach its stores faster and help save on costs through greater efficiency in view of the implementation of Goods and Services Tax from July 1. GST addresses...

Future Retail eyes aggressive expansion; to open 4,000 neighbourhood stores

Kishore Biyani's Future Retail is looking at aggressive expansion of its neighbourhood stores Easy Day and Heritage Fresh to 4,000 stores in three to five years. According to a PTI report: Future Retail operates 538 Easy Day and Heritage Fresh...
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Key focus on tier 2, tier 3 for V2 Retail’s growth: Director Akash Agarwal

The New Delhi-based fashion retailer is targeting to launch an additional 35 stores in 2024, many of which will...
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