 "Future retail, Big Bazaar, customers")
The stock of Future Retail (FRL) has been trending up over the last couple of trading sessions, gaining 5 per cent after it announced a partnership with Amazon, which will expand the offline and online presence of both entities.
The company also announced that it will raise debt worth $500 million to fund the purchase of infrastructure assets from Future Enterprises (FEL). Both announcements have been perceived positively by the market.
FRL has entered into a long-term agreement with Amazon India, which will help expand the reach of the former’s retail outlets as well as give a platform for its consumer brands
