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Kishore Biyani

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...

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...

Amazon's attempt to control Future Group violates FEMA FDI: Delhi HC

The Delhi High Court has ruled that US e-commerce giant Amazon's attempt to control Future Retail through a conflation of agreements it has with an unlisted unit of the Indian company will be violative of the FEMA FDI rules, the Kishore Biyani-led firm said on...

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...

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...

Future Enterprises reports net loss of Rs 320 crore

Future Enterprises Ltd on Wednesday reported a consolidated net loss of Rs 320.56 crore for the second quarter ended September 2020, on account of lower revenue from operations. The company had posted a net profit of Rs 21.78 crore...

Heritage Foods exits Future Retail; sells holding for Rs 132 crore

Heritage Foods has sold its entire holding representing over 3 per cent stake in Kishore Biyani-led Future Retail for around Rs 132 crore in the open market to mainly repay its long term loans. "The company has disposed off its entire holdings/investment...

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...

Amazon Tussle: Future Retail says not every development 'material event for disclosure'

Kishore Biyani-led Future Retail Ltd on Thursday accused e-commerce giant Amazon of adopting a media strategy of "having every development reported and converted into a line of communication with stock exchanges" regarding the Amazon-Future Coupons' arbitration proceedings in Singapore. According...

Amazon seeks control of Rs 30,000 crore Future Group assets with Rs 1,431 crore investment

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...
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Agilitas Sports acquires exclusive license of Italian brand Lotto

Agilitas has acquired the rights to design, manufacture, promote, and distribute the Lotto brand in India and Australia Bengaluru: Sportswear and...
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