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homeFuture Retail News

Future Retail NEWS

Future Retail
Future Group
India-based Future Retail Limited (FRL) sells various domestic and consumer goods through department stores in multiple configurations. Multi-brand retail trading is the company's primary focus. As many as 20 tiny hypermarket easyday outlets and more than 210 supermarket easyday stores are available to the business. Value business and home business are the primary retail models for the company. The company's value-added business includes hypermarkets like Big Bazaar and Food Bazaar, fashion destinations like FBB and Food Hall, and convenience stores like Easyday. Hometown, a one-stop store for home renovation, and eZone, a consumer durable and electronics chain, are two of the company's home businesses.
Flagship brands
Customers can rely on Future Retail's innovative ideas, high-quality items, and reasonable pricing to help them improve their quality of life daily. More than 16 million square feet of retail space and more than 1500 locations serve millions of customers in more than 400 cities throughout all 50 states.
Customers consistently identify our flagship Big Bazaar chain as one of the country's best-known retailers. EasyDay Club and Heritage Fresh, two of our local retail businesses, offer their members a wide range of services.
Organizations and their affiliates
Retail
 
  • A subsidiary of Future Retail Group, Inc.
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    • Limited Company Future Lifestyle Fashion
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      • A subsidiary of Future Consumer Limited
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        • A subsidiary of Future Enterprises, Inc.
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          • Swarthy's Indian Food Store
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            Foodhall
             
            • Fidelity Investments
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              • Capital Holdings of the Future (for internal financial services)
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                Brands of the Future
                Pantaloons, a fashion business owned by Future Group, was sold to Aditya Birla Group in May 2012 to lower the group's debt of over 8,000 crores (equivalent to 130 billion or US$1.7 billion in 2020).
                When Pantaloons Fashion India Ltd was split from Pantaloons Retail India Ltd, Future Value Retail Ltd was integrated with it and renamed Future Retail Ltd.
                Background of the company
                Ninety-eight percent of Actis Capital and other promoters were sold to Future Consumer Enterprises Limited on November 21, 2014. As a result, Future Consumer Enterprises Limited owns 100% of Nilgiris (FCEL).
                Following a three-year option to buy all or part of the promoters' holdings in the firm outright, Amazon purchased a 49 percent share in Future Coupons and a 3.5 percent minority stake in Future Retail in August 2019.
                Future Group agreed to sell its retail and wholesale divisions and its transportation and storage operations to Reliance Retail for $3.4 billion in August 2020. The Competition Commission of India authorized this acquisition (CCI).
                Due to Amazon's High Court petition for implementing an EA ruling from Singapore International Arbitration Center, the merger of Reliance Retail and Future Group was blocked in October 2020. The Supreme Court of India ruled in favor of Amazon in August 2021, preventing the union.
                The CCI revoked its clearance of Amazon's acquisition of a minority position in Future Coupons in December 2021, claiming that Amazon had deceived the regulator about the purpose of its investment in the Future Group subsidiary. Amazon.com Inc.

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