Big Bazaar

Amazon wins arbitration against Future Group at SIAC, but tribunal awards a fraction of claimed damages citing FRL's declining value and Covid-related business loss

The retail chain operator faces several hurdles, including evolving customer preferences, disruptions in transport logistics, and intensifying competition, analysts at domestic brokerage Nuvama said.

The CoC had provided two options in the EoI and the last date for submission was April 7

A source said there was a possibility that Reliance may trim the sizes of some of its stores and may also look at shutting down some locations

Future, hit by the pandemic, has been struggling to pay off its debt and is fighting a bitter legal battle with US retail giant Amazon

FR: says its board has strongly objected to such action by RIL and has also put a notice to it to reconsider all other action initiated over the past few days

Reliance to rebrand and open majority of 200 stores in next 7 days

'Reliance Retail Ventures Limited extended the timeline for Long Stop Date from September 30, 2021 to March 31, 2022,' says Future Retail

Group's financial metrics may deteriorate further in June quarter due to second wave

With this, it has achieved half its initial target within two months

Most categories looking to capitalise on out-of-home momentum

Shops can't forbid customers to bring in their own bags and then charge them for carry bags

Big Bazaar, which has its presence in over 100 cities across the country, is planning to open 16 more stores to take the overall count to 300 over the next three quarters, a company official said

Future Retail admitted in a statement that the Covid-19 pandemic had impacted its business significantly

Strategic investor to be inducted later; General Atlantic becomes third PE firm to infuse funds

With the combined entity more than twice its size in grocery, pricing pressures could hit profitability

Rival Reliance Retail too will be investor in company

The financial instruments of Future group have gone through multiple rating downgrades in recent months due to the delay in payments

Aggressive expansion plans have led to cost overrun, sliding profits for Future Group firms

Large retailers like Big Bazaar, FBB and Cantabil have opened their selective stores with 'no exchange, no return' policy