Kishore Biyani Archives - Inside Retail Asia

Saks Fifth Avenue eyes India

Luxury goods retailer Saks Fifth Avenue is making moves to open two stores in India.

Future Group merger creates Indian giant

Future Group and rival Bharti Retail are to merge, creating an Indian retail powerhouse with more than 570 stores.

Biyani buys denim label

Indian retail mogul Kishore Biyani is taking a 75 per cent stake in denim retail company Spykar Lifestyle. The new investment is part of a new strategy to move into fashion retailing after selling department store Pantaloons. Founded two decades ago, Spykar Lifestyle operates standalone stores and has a strong distribution presence across 1000 multi brand stores. It is the third denim brand to join Future Group, whose portfolio includes 35 fashion brands. Biyani will also take control o…

India’s Future Retail plans 35 new stores

Kishore Biyani-led company Future Retail is to open 35 new stores over the next 18 months. Future Retail, a unit of Future Group, currently operates 165 Big Bazaar stores. Future Retail says it is targeting revenue of Rs110 billion ($1.7 billion) this year and Rs130 billion ($2.1 billion) the following year. Biyani is focusing on his FMCG businesses and divesting stakes in ‘non-core’ businesses like AND and Biba.

Future Group to buy supermarket chain

India’s largest retailer by revenues, Future Group, is planning to acquire supermarket chain Nilgiris. The Kishore Biyani-led company is reportedly in negotiation with Nilgiris’ majority owner Actis Capital. The acquisition of Nilgiris, which operates 140 supermarkets in South India, will help Future Group to scale up its grocery chain KB Fair Price. Last year, Future Group also snapped up Express Retail, which operates supermarket chain Big Apple, for an undisclosed amount. Future G…

Future Lifestyle to buy brands

Kishore Biyani-led company Future Lifestyle is on track to become India’s largest fashion company with plans to buy six brands. Future Lifestyle is reportedly preparing to buy Bangalore-based garment chain Coupon, New Delhi-based premium apparel brand Giovani and department store chain Ritu Wears Biglife. It is also close to deals with handbag and fashion brands. “North India is one of the biggest consumption centres and we plan to acquire a few brands and retailers to expand distributi…

Biyani offloads investments

Kishore Biyani of Future Group is offloading his minority stake in womens ethnic brand Biba. Private equity firms CX Partners and Warburg Pincus are reportedly vying to acquire the 28.3 per cent stake. The deal could worth up to Rs350 crore (around $53 million) and would value Biba at Rs1200 crore ($200 million). Established in 1986 by Meena Bindra, Biba now has 87 standalone stores across India and plans to expand to 150 by the end of the year. “The company has ambitions of going gl…

Future Group expands convenience chain

Kishore Biyani-led company targets 1000 convenience stores by 2015.

Kishore Biyani, Fung Capital partner

Indian magnate and Fung family’s private equity arm  to open wholesale cash-and-carry chain.

Mall for wholesalers

Future Group to build malls for wholesalers in India.