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Future Group
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Future Group: A Retail Giant Facing Headwinds Future Group, the Mumbai-based conglomerate founded by Kishore Biyani, has been a prominent player in India's retail and fashion landscape. Its portfolio includes well-known supermarket chains Big Bazaar and Food Bazaar, lifestyle stores Brand Factory an...
Image Source : Wikipedia
- Company type Private
- Industry Conglomerate
- Founded 2013
- Founders Kishore Biyani
- Headquarters Mumbai, Maharashtra, India
- Number of employees 50,000
- Website www.futuregroup.in
Related Other Pages:
- IKEA, Reliance Industries and V-Guard Industries
Future Group history
Last Updated : 20/01/25, 05:12 PM
Future Group's Strategic Shifts and Legal Battles Future Group, a prominent Indian retail conglomerate, underwent significant restructuring and faced legal challenges between 2012 and 2021. The group's financial maneuvers included a 2012 divestment of a majority stake in its Pantaloons fashion chain...
FUTURE GROUP NEWS
Amazon calls Future store transfer to Reliance 'fraud'
March 15, 2022 11:53 am
Reliance last month signed lease deeds with landlords who haven't been paid rent for months for stores built on their properties by Future Group. Initially, it sub-leased the properties to Future Group for operation, but this month terminated those sub-leases and took over 947 such stores.
Reliance Retail nixes sub-lease of 947 Future stores
March 11, 2022 12:57 am
Reliance had taken over the stores last month as they were sub-leased by it to Future which had defaulted on rental payments. Now, all such stores have been closed by Reliance.
Explained: Why Future Group has challenged insolvency proceedings in SC
January 27, 2022 3:57 am
Future Retail has moved the Supreme Court seeking protection from being declared a defaulter for failing to pay loan dues of Rs 3,494.56 crore to its 26 lenders. Why has it failed to pay lenders, and what did it tell the court?
Delhi HC dismisses Future plea to terminate Amazon arbitration
January 05, 2022 10:19 am
Justice Amit Bansal in his order said “no grounds are made out for interference in the present petitions” and the arbitrators have far greater flexibility in adopting procedure to conduct the arbitration proceedings as compared to a civil court."
Delhi HC dismisses Future Group's plea for termination of Amazon arbitration
January 04, 2022 5:40 pm
"Both the petitions are dismissed," said Justice Amit Bansal, who had reserved the order on the petitions filed by Future Coupons Private Limited (FCPL) and Future Retail Limited (FRL) on January 3.
Future Retail asks court to declare arbitration with Amazon illegal
January 03, 2022 1:57 pm
In the latest Future Retail filing in New Delhi, the company argues that since the 2019 deal no longer has antitrust approval, it has "no legal existence" in India and Amazon can no longer assert any of its rights.
Amazon sues ED in latest twist of Future Group battle
December 23, 2021 2:26 pm
In an 816-page filing, seen by Reuters, Amazon calls the investigation a "fishing and roving" inquiry, saying the ED had sought privileged legal advice and opinions from Amazon and other information not connected to the Future Group deal.
Future Group shares jump up to 20% after CCI suspends Amazon-Future deal nod
December 20, 2021 1:03 pm
The shares of Future Lifestyle Fashions hit a 20 per cent upper circuit, while Future Supply Chain Solutions climbed 19.99 per cent. Future Retail surged 19.92 per cent, Future Enterprises rose 19.93 per cent and Future Consumer zoomed 19.91 per cent on the BSE. All these companies hit their upper circuit limits.
Explained: Why CCI withdrew approval for Amazon's investment in Future Group
December 23, 2021 8:13 am
The CCI noted in its order that internal emails from Amazon revealed that the company intended to acquire Future Retail once foreign investment laws are relaxed and not just the investment opportunity in FCL.
Amazon-Future case: Supreme Court displeased over submission of documents; to hear Future group plea on Jan 11
December 08, 2021 3:08 pm
A bench comprising Chief Justice N V Ramana and Justices A S Bopanna and Hima Kohli, which had earlier sought small written submissions from parties to the litigation in place of “truckload” of bulky documents, again expressed displeasure on Wednesday over the written notes submitted by Future Group.
