Future Group
Retail
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...
Retail
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...
Food
Big Bazaar turns focus to Tier II, will open 300 hypermarket stores in 9 months
India's leading hypermarket chain Big Bazaar, which has its presence in over 100 cities across the country, is planning to open 16 more stores to take the overall count to 300 over the next three quarters, a company official has...
Big Grid
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...
Retail
Amazon seeks control of Rs 30,000 crore Future Group assets with Rs 1,431 crore investment
IANS -
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...
Retail
Future Retail logs Q2 consolidated net loss of Rs 692 crore
IANS -
Future Retail reported a consolidated net loss of Rs 692.36 crore for the July-September period.
During the same period last fiscal, the company had reported a consolidated net profit of Rs 165.08 crore.
Its revenue from operations during the period under...
Retail
HC seeks Amazon reply on Future Retail plea to restrain it from interfering in Reliance deal
The Delhi high court on Tuesday sought Amazon's response on a plea by Kishore Biyani led Future Retail Ltd (FRL) alleging that the e-commerce major was interfering in its deal with Reliance Retaion the basis of an interim order...
Retail
Amazon flexes muscles but Reliance holds deep war chest
IANS -
The face-off between Mukesh Ambani-led Reliance Industries Ltd (RIL) and Jeff Bezos-run behemoth Amazon over the retail assets of Future Group in India has once again exposed the ambition of the so-called ‘gatekeeper for e-commerce’ to keep the reins...
Retail
Future Retail anticipates liquidation if deal with RIL fails
IANS -
As a Singapore arbitration court has temporarily halted the acquisition process of Future Group's retail business by Reliance Retail, there has been speculation over what happens to Future Retail if the deal does not actually go through.
Future Retail's representative...
Retail
Jeff Bezos, Mukesh Ambani set for long-drawn war over Future Retail
IANS -
As Reliance Industries Ltd (RIL) stepped into the e-commerce space with JioMart, speculations ran rife over two of world's richest individuals up for a confrontation in the market. But RIL's proposed acquisition of Future Group's retail business has just...
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The Luxottica report card for 2022
A look at how the world’s largest eyewear company fared in terms of revenue growth in key regions across...
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