Future Group news and archive

Reliance Retail to buy Future Group's retail, wholesale businesses

Billionaire Mukesh Ambani's Reliance Industries Limited announced that its unit Reliance Retail Ventures Limited or RRVL has acquired Retail & Wholesale Business and the Logistics & Warehousing Business from the Future Group for lump sum aggregate consideration of 24,713 crore Indian rupees. Reliance specified that the acquisition is being done...

Fashion

Amazon India and Future Group tie the knot to sell fashion online

In a deal announced Monday, India’s Future Group retail chain will sell its products on the dedicated Indian Amazon's site. As reported in a scoop by the ‘Economic Times’, the two companies will also partner on additional marketing and sales opportunities. “The deal is deeper than just transactional involvement with Amazon. We are exploring...

Design

Future's stock plummets during its trading debut under new name

Future Retail (FURE.NS) shares have fallen as much as 42.8 percent Friday, first day in which the stock started trading after the retailer's fashion brands were banded up into a separate business unit. Late in 2012, Pantaloon Retail Ltd, and Future Ventures India (FVIL.NS) agreed to demerge their fashion businesses into a new listed unit that...

Design

Contrary to the West, Christmas cheers India’s retail

While globally, Christmas joy may not have brought in a much expected retail boom, but in India, consumers were seen loosening their purse strings yet again. Post buoyant Eid and Diwali; consumers are spending on everything from wines to smartphones and clothing spreading Christmas joy among retailers. On the international front, research firm...

Design

Indian retailers in a catch-22 situation on FDI in retail

Amid growing opposition to its decision of allowing foreign direct investment (FDI) in retail sector, the UPA government has decided to put the issue on the back burner. The much awaited approval to 51 per cent FDI in multi-brand retail was approved by the Cabinet recently. In fact industry majors like the Future Group, Bharti Retail, Spencer’s...