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Kishore Biyani, once India's answer to Sam Walton, bows out of retail biz

Mismatch between ambition and resources; debt does him apart, say experts

Kishore Biyani Future Group founder & CEO
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“Preserving the status quo has never been my cup of tea. I consider myself to be both creator and destroyer,” Kishore Biyani Future Group founder & CEO (in his 2007 book, It Happened in India)

Viveat Susan PintoSurajeet Das Gupta Mumbai/New Delhi
On Saturday, Future Group Founder and Chief Executive Kishore Biyani made an impassioned plea over a Zoom call to nearly 300 senior leaders to look ahead and forget the past. Through the call, made a few hours before the announcement of the sale of his retail, logistics, warehousing, and wholesale assets to Reliance Retail in a nearly Rs 25,000-crore transaction, Biyani, 59, was composed, persons privy to the conversation said.

But Biyani — India’s answer to Walmart founder Sam Walton — was aware that a big part of his life would come to an end after the call and stock

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First Published: Aug 30 2020 | 3:43 PM IST

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