Termination notice to 947 Future Group stores from Reliance

Future Group now has about 550 stores of around 1,500, a company official said

Future Group has received termination notices for 947 stores, which it had sub-leased from Reliance entities.

The company on March 7 and 8 received termination notices for 342 Big Bazaar and Fashion @ Big Bazaar (fbb) outlets, 493 small format stores, including easyday and Heritage stores, Future Retail said in a stock exchange filing. It also said these stores have been historically contributing about 55 per cent to 65 per cent of retail revenue operations of the company. 

Future Lifestyle has also received termination notice for 78 Brand Factory stores and 34 central stores, which had been contributing 55-65 per cent of