Kishore Biyani sees a ‘Phygital’ future for retail
Chief of Future Group said physical and online retail channels may converge soon.
Digital, physical retail have own advantages, challenges; hybrid model 'phygital' can perform better: Kishore Biyani
Biyani, in a fireside ch...
Kishore Biyani’s ‘craziest’ mistake was not in retail, but Bollywood
Future Group's top boss just got candid during a fireside chat at an Ama...
Jeff Bezos shares insights on taking risks for a venture, says Amazon 'best place to fail'
Stating that he believes failures through experiments can sometimes lead to innovation of new things, Bezos also pointed out that operational excellence failures exist and those should be avoided.
Amazon and Future Group to cross-leverage each others' sales channel
Future Group and Amazon are collaborating to sell products from apparel to grocery and thereby make the best of both physical and online selling and widen distribution. Amazon will be an authorized online sales channel for Future Retail while its stores and warehouses will be used as distribution centres by Amazon for quicker delivery.
Slowdown in economy structural; sectors like realty need a boost
market participants present in the conclave agreed that the slowdown is real and it’s structural.
Future’s ‘sabse saste din’ sale to debut on Amazon
Reflecting a broadening of the alliance, Future Group’s ‘Sabse Saste Din’ sale will feature on Amazon.in.
The Week That Was: Igarashi’s surprise rally, Dishman’s rebound, auto parts stocks find footing
Sensex declined 0.26% to 41,575 while NSE barometer Nifty fell 0.21% to 12,245.
Future Retail promoters repay Rs 1,500 crore debt, reduce pledge
Future Coupons, one of the promoter entities, plans to convert its 39.6 million warrants into equity of Future Retail by April, which will be the equivalent of a 7.3% stake in the flagship company. Amazon agreed to acquire a 49% stake in Future Coupons, with an option to buy the entire stake later.
Shares of Future group companies zoom after Amazon-Future Coupon deal
Amazon.com NV Investment Holdings is a direct subsidiary of Amazon.com.
Soch Apparels appoints Jaydeep Shetty as CEO
Shetty, an MBA from Jamnalal Bajaj Institute of Business Studies (Mumbai), has been brought in by Soch as the company decided to invest in its leadership. He has nearly 28 years of experience across retail, cinema and media.
RBI rejects Future Lifestyle plan to raise stake in Koovs
Future Lifestyle had agreed to buy a nearly 30% stake in the London-listed Koovs in July last year. In a notice to the London Stock Exchange on Tuesday, Koovs said it entered into administration after the Indian company was unable to deliver on a promised 6.5 million pound investment in to the business resulting in unsustainable cashflow pressures.
KredX bags $26 million in Series-B round
The platform works with more than 120 corporate houses such as Tata Croma, Future Group and Vedanta. The company plans to use the fresh capital to speed up growth by hiring senior leaders. It also intends to develop new products and use the funds for acquisitions.
India critical growth market for us: Nippon Express
In September, Nippon acquired a 22% stake in the logistics arm of Future Group for Rs 646 crore. Nippon is focusing on international freight forwarding of cargo arriving in and departing from the country.
Nippon Express gets CCI nod to buy 22% stake in Future Supply Chain Solutions
Nippon Express will acquire 22% stake through a combination of primary issuance and secondary purchase from an existing investor.
Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service