Future group revs up joint ventures as tussle with Amazon drags on

The Future group is re-energising its joint ventures (JVs) with dairy major Fonterra and American food firm Hain Celestial as it prepares for life after a tough 2020.

The Kishore Biyani-led group’s debt had spiralled out of control last year, forcing it to get into a nearly Rs 25,000-crore transaction with Reliance Retail. The deal, which includes sale of the retail, wholesale, and logistics assets of the Future group, has since been challenged by Amazon. While the legal battle drags on, Biyani has put in place a blueprint that will see Future expand its presence in dairy and chips, top sources