Future Group closes in on FMCG firm

The Kishore Biyani-promoted Future Group is understood to be in the advanced stage of negotiations to acquire a domestic FMCG firm, as it looks to push its expansion in the foods segment and clock a turnover of Rs 1,000 crore in the next three years.

“We are actively pursuing acquisitions and you will hear from us on that front,” Future Group CEO Kishore Biyani told reporters here, when asked about the firm’s acquisition plans.

He said acquisition is part of the group’s plan to grow in the fast moving consumer goods (FMCG) foods segment.