Amazon challenges Delhi High Court view on Future-RIL deal
The Singapore International Arbitration Centre (SIAC) had said in November last year that the Future-Reliance transaction should be put on hold until it gave a final ruling on the plea filed by Amazon.
Amazon may move Delhi High Court in Future Group dispute
“Amazon will file a new petition following the high court’s observations last month....
Kishore Biyani sees quick nod for Future's $3.4 billion deal with Mukesh Ambani despite Amazon dispute
Future and Amazon are at loggerheads over the Indian group's August deal with Reliance Industries Ltd. The U.S. giant alleges the deal breached some...
Sales to normalise by end of January, getting orders from Jio Mart: Kishore Biyani
Future Group, which had entered into a Rs 24,713-crore deal with billionaire Mukesh Ambani-led Reliance Industries to sell its retail business, has also received large orders from Jio Mart that is helping the retail major chart a strong comeback.
Incorrect to say we didn't offer help to Future Retail: Amazon spokesperson
After the letter by Future Group Chairman Kishore Biyani, Future Coupons and Future Corporate Resources to Amazon became public, the e-comme...
Amazon was fully aware of talks with RIL for sale of retail assets: Future Group CEO Kishore Biyani
Opening up after being locked in an intense legal battle with Amazon over the Rs 24,713 crore deal with Reliance, Biyani in an interview with PTI said the US giant's 2019 investment in Future Coupons Pvt Ltd (FCPL) -- Future Retail's parent -- was for coupon and gifting business only and the same could continue post-retail assets going to Reliance.
Despite reaching out 8 times Amazon did not help us, says Future Group founder Kishore Biyani
Kishore Biyani said Future even held talks with Witzig Advisory Services, Amazon’s joint venture company with Samara Capital, but the ecommerce company still didn’t help. By March-end, promoter pledging was as high as 80-99% in all listed Future Group firms.
Amazon did not help us when Future group's debt mounted; Reliance is our saviour: Kishore Biyani
Amazon provided mere "lip service" and failed to provide any help to the debt-laden Future Group as the retail major suffered massive setbac...
Future Group's reopening offices, hiring top execs, focusing on R-day sale: Kishore Biyani
"We are also conceptualising two new brands that will offer products in multiple categories within fashion and FMCG. There is a lot of work that has been going on with these brands and you will see them come alive in stores by March," Biyani said in his first communication to employees, after the Covid-led lockdown forced him to sell all the retail assets to Reliance Industries.
Future group firms receive large orders from Reliance
This will be a big support for the cash-strapped future group firms before the completion of Rs 24,713 crore buyout of the country's second-largest retailer by Reliance Industries' arm.
Future Retail wants Sebi to clear deal with Reliance Retail quickly
The Kishore Biyani-owned firm pointed to the Delhi High Court saying that the Future Retail board’s decision to approve the merger of listed entities and sell retail assets to Reliance Industries (RIL) was valid.
No relief to Future Retail from Amazon's legal moves
The Delhi High Court dismissed a plea by Future Retail Ltd (FRL) asking it to stop Amazon from 'interfering' in a proposed sale of Future Group assets to Reliance Retail.
In the midst of Reliance takeover, Future Group sees long-term senior executives quit
In August, Reliance announced that it would acquire the nation’s second largest retail enterprise, Future Group, for Rs 24,713 crore in a deal that would give it control over more than a third of India’s $80 billion annual organised retailing business.
Future group, Amazon pick legal nominees for Singapore Arbitration Panel
On December 4, the SIAC will either approve the nominees or make its own suggestions, apart from appointing the panel’s presiding officer.