Kishore Biyani, the man who is still synonymous with India’s organized retail industry. The Marwari businessman is widely credited for bringing the modern retail revolution in India. With his celebrated chain of retail stores like Pantaloon and Big Bazaar, Biyani singlehandedly revolutionized the concept of supermarket and organized retail in India.
Thanks to his revolutionary impact…
Online e-commerce giant Amazon has served a legal notice to Future Group for allegedly breaching its terms of contract, according to TV network ET Now. The U.S. based online shopping behemoth has reportedly claimed in its notice that Future Group’s recent deal to sell its majority stake to Reliance Retail is subjected to legal scrutiny.
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After taking India’s telecom sector by storm, Mukesh Ambani is now ready to extend his domination in India’s retail sector. This after Reliance Retail Ventures Limited (RRVL) announced on Saturday – a subsidiary company of Reliance Industries – that it has acquired almost all businesses of Future Group for consideration of Rs 24,713 crore. These…
E-commerce giant Amazon has taken yet another monumental decision in a bid to consolidate its position in the Indian market. The E-commerce behemoth is all set to acquire 49% stake in Kishore Biyani’s Future Coupons. The move assumes huge importance given that Future Coupons is a promoter entity of Future Retail, which operates India’s second-largest…
Future Group Holding Talks to Acquire Vulcan Express.
Kishore Biyani led Future Group, India’s largest consumer retail firm, is reportedly holding discussions to acquire Snapdeal owned logistics startup Vulcan Express for nearly Rs 50 crore or $7.8 Mn. The deal will be most probably an all cash deal, according to people familiar with the matter. Both…
