Future Group Archives - Inside Retail Asia
High-profile Indian retailers are lobbying mall owners to transition to a revenue-sharing rent model in the wake of the coronavirus pandemic.
7-Eleven India is poised to launch in Mumbai, marking the first major international convenience-store chain to take on local players.
Fashion house Karl Lagerfeld is collaborating with premium Indian brand Cover Story to enter the Indian market.
A 7-Eleven India launch is expected to be announced soon as talks continue with Future Group.
Indian fashion brand Cover Story is aiming to generate ₹100 crore (US$14.6 million) in sales in the ongoing financial year.
India’s Future Group has bought the Sangam Direct chain of retail stores from Wadhawan Retail Ventures.
India’s Future Group is discussing a buyout or merger with Aditya Birla Retail’s supermarkets.
A planned joint venture by Hong Kong’s Fung family and India’s Future Group to import and wholesale goods into India has been shelved.
Future Group subsidiary Lifestyle Fashions has opened a design studio in London.
Future Group and rival Bharti Retail are to merge, creating an Indian retail powerhouse with more than 570 stores.
One of India’s largest retail conglomerates has applied for a banking licence. Future Group said in a statement it has lodged an application for a Payments Bank Licence with the Reserve Bank of India through its founder, Kishore Biyani. “The group proposes, subject to the grant of the license and the other regulatory approvals, to name the entity, NuFuture Payments Bank. The proposed Payments Bank will work towards extending the Reserve Bank of India’s mandate of financial inclusion …
India’s Future Group has snapped up one of India’s oldest convenience store chains. Nilgiri’s, founded in 1905 and with 140 stores in India’s southern states, has been bought by Future Consumer Enterprises, which is Future’s FMCG arm. “This acquisition is synergistic as it enables strengthening and expanding through franchises,” said Kishore Biyani, group CEO of Future Group. Nilgiri’s operates in four key south Indian states and owns dairy, bakery and chocolate brands. It distr…