Kishore Biyani sees a ‘Phygital’ future for retail
Chief of Future Group said physical and online retail channels may converge soon.
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...
Digital, physical retail have own advantages, challenges; hybrid model 'phygital' can perform better: Kishore Biyani
Biyani, in a fireside ch...
Wedding bells: Avni Biyani to tie the knot with Advay Jhunjhunwala in March
The couple grew to know each other last year and got engaged a fe...
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.
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.
Kishore Biyani-led Future Consumer to take its brands to the bigger bazaar
Future Consumer will take its product offerings to general stores across the country with an aggressive policy.
Japan's Mitsui in talks for Future food supply venture with Kishore Biyani
Mitsui looking to invest in firm that will supply fresh food to upcoming 7-Eleven stores, other players. The Japanese conglomerate are working on a similar business of fresh food supplies for 7-Eleven, FoodHall, Big Bazaar as well as other quick service restaurants. Mitsui could look at investing in Galaxy Cloud Kitchen or in a separate venture with Biyani.
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.
Future’s Amazon deal set to close soon: Kishore Biyani
Amazon had sought CCI approval last month for its proposed Rs 1,500 crore deal to acquire 49% of Future Coupons through its investment arm, Amazon.com NV Investment Holdings LLC, which in turn will give them 3.5% stake in Future Retail, Biyani’s flagship company.
Future Consumer appoints Rajnikant Sabnavis as chief executive
Former Jyothy Labs chief operating officer Rajnikant Sabnavis was earlier with consumer goods giant HUL for over two decades. He has been named as Future Consumer’s dedicated chief executive after Devendra Chawla quit from the position over two years back.
Future to Shutter 140 Easyday Stores
All 53 Easyday stores in the west — in Mumbai, Pune, Nashik and Ahmedabad — will be shut down in phases in this fiscal year.
Blackstone invests Rs 1,750 cr in Future Lifestyle Fashion
US private equity firm Blackstone invested Rs 1750 crore in Future Group’s flagship fashion business- Future Lifestyle Fashion. Blackstone was reported to infuse $250 million in FLF, in July through a combination of equity and structured debt to fund the capital expansion of Biyani’s deep-discount retail format, Brand Factory.
Future Retail crashes over 6% after company reports fall in profit
Shares of the company tumbled 6.05 per cent to Rs 323.60 on the NSE.
Amazon deal to help payments side more: Kishore Biyani
He said the deal is basically aimed at enhancing the payments portfolio of both the companies.
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