Business Standard

Future of retail at stake: Why Amazon is feuding with Biyani and Ambani

Amazon is willing to 'sink the ship' but doesn't want Reliance to acquire Future's assets, says one analyst.

Jeff Bezos
Premium

File photo of Jeff Bezos (Photo: Reuters)

Bhuma Shrivastava and Upmanyu Trivedi | Bloomberg New Delhi
A legal spat between Amazon.com Inc. and its Indian partner that started before an arbitrator in Singapore just got fiercer in a court in New Delhi.
 
The US e-commerce giant and Future Group, whose assets billionaire Mukesh Ambani’s Reliance Industries Ltd. recently agreed to buy for $3.4 billion, are locked in a dispute over that deal. Amazon says Future violated a contract with the sale to its rival and wants to halt it, while the indebted Mumbai-based firm says it would collapse if the transaction were to fail.

The Jeff Bezos-led e-tailer has accused Future and its founder Kishore Biyani

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Nov 12 2020 | 8:21 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com