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Despite the dispute with Amazon, new 'future' awaits Kishore Biyani

Despite the dispute with Amazon, Future group and Reliance seem determined to execute their nearly Rs 25,000-cr transaction. What is Kishore Biyani left with?

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Experts say Biyani will now become a contract manufacturer of fashion and FMCG products, with the Reliance group being one of his customers

Viveat Susan Pinto Mumbai

5 min read Last Updated : Nov 13 2020 | 6:10 AM IST

E-tailer Amazon’s litigation against Future group for breaching a 2019 agreement when signing a deal with Reliance Retail may have surprised many, but the latter two seem determined to complete the nearly Rs 25,000-crore transaction signed in August.

Experts say that it allows Future group founder Kishore Biyani to get out of his debt spiral and Reliance Retail to consolidate its position as the leader in the country’s organised retail market.

Predictably, both Future group and Reliance Retail have said they will initiate the necessary steps to conclude the deal. And in recent days, Future group arm Future Retail has contended in

Topics : Future Group Future Retail Kishore Biyani Reliance Industries Amazon Retail

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