Page 14 - Future Group

Future group, Amazon to initiate arbitration proceedings over RIL deal

Amazon says the deal violates the no-compete contract signed with the Future group and the RIL-Future deal will derail its plans to buy a stake in Future Retail Ltd

Amazon notice to Future on RIL deal: India's raging retail war explained

Amazon has sent a legal notice to Future Group, alleging the Indian retailer breached the terms of its contract by signing a deal with Mukesh Ambani's Reliance Industries

Future Group to go for mediation over Amazon's legal notice on RIL deal

Amazon.com Inc has slapped a legal notice on Future Group, alleging that the retailer's Rs 24,713 crore asset sale to Reliance Industries violated an agreement with the e-commerce giant

Forbes India Rich List 2020: Ambani dominance continues; see full list

With a global health crisis raging, listed pharma entrepreneurs fared well while those with interests in real estate suffered

Amazon takes on Future Group over deal with Reliance, sends legal notice

A top industry source said the notice was unexpected as Biyani had first approached Amazon for a takeover of the Future Group companies before defaulting to its lenders and suppliers.

Amazon sends legal notice to Future Group over Reliance deal: Report

Amazon, in its legal notice, cited a contract arrangement that included "a restricted list" of companies Future was not supposed to enter deals with, according to the report

Abu Dhabi Investment Authority invests Rs 5,512.50 cr in Reliance Retail

With eight deals in four weeks, analysts were expecting the valuation of the firm to touch at least Rs 4.5 trillion

Future Group arm defaults on debt repayment of Rs 22 cr due September 5

In a regulatory filing, the company said it has been unable to service its obligations towards payment of principal redemption and interest due on September 5, 2020

Biyani to stick on with home retailing, keep running it as independent biz

No plans to sell it despite competition from online players

Reliance-Future deal: Lenders, vendors await the fate of their dues

Lenders, vendors await the fate of their dues; many threaten to move courts if they aren't repaid in 15 days

Acquisition of Future Group to strengthen RIL's retail footprint: Moody's

Last week, RIL announced that it will acquire Future Enterprise Limited's consumer business for a purchase consideration of around Rs 24,713 cr

Future firm default hits four of six Franklin schemes wound up in April

Among the four, Income Opportunities Fund had highest exposure to Rivaaz Trade Ventures at 6.32 per cent of its AUM

Reliance Future-proofs retail arm as it seeks to woo potential investors

The acquisition of Future Group's 2,000 retail stores and Big Bazaar grocery chain will help Reliance, which sells everything from groceries to electronics

Reliance Retail likely to cut down on back-end staff after Future deal

Store staff to be retained, say sources

Competition worries post Future deal weigh on Avenue Supermarts stock

With the combined entity more than twice its size in grocery, pricing pressures could hit profitability

RIL-Future Group deal: RIL shares rally over 2.5%; Future Group stocks jump

Shares of RIL had hit an all-time high of Rs 2,198.70 on July 27, 2020.

Amazon to stick on as Future Enterprises' shareholder after Reliance deal

Rival Reliance Retail too will be investor in company

Reliance-Future Group deal to save lenders from Rs 12,000-crore hit

The financial instruments of Future group have gone through multiple rating downgrades in recent months due to the delay in payments

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

Reliance Retail to buy Future group's retail business for Rs 24,713 cr

Future group's brands include Big Bazaar, Easyday, Nilgiris, Central