Nilgiris Archives - Inside Retail Asia

Future Group buys Sangam Direct chain

India’s Future Group has bought the Sangam Direct chain of retail stores from Wadhawan Retail Ventures.

Future Group seeking fourth supermarket deal

India’s Future Group is discussing a buyout or merger with Aditya Birla Retail’s supermarkets.

Indian retail giant plans bank

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 …

Future buys Nilgiri

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…

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…