Entry into cash and carry with UK's Booker group will allow him to take his food & FMCG products beyond his own retail stores
With this deal, Heritage will leverage the strength of Future to expand the market for its dairy products across India
Sarwate set up a limited liability partnership firm- Increate Value Advisors- on March 29, 2015
In its most ambitious launch yet in food and fast moving consumer goods (FMCG), Future Group has launched its oats brand Kosh on Monday, positioning it as a third grain and saying it should generate a Rs 200 crore revenue in two years.Kosh will be the second product from the group's food and FMCG stable which would available in traditional trade in addition to Future Group's own stores."So far, we have launched 21 products in food and FMCG and Kosh is one more in the list," said Kishore Biyani, chief executive officer, Future Group. "People are looking at tasty and healthier options when it comes to food and we believe Kosh addresses it. While we are conservative as far as our (revenue) targets for this brand go, we believe it has the potential to grow and should be a significant contributor to our food & FMCG business by 2021."The group's food & FMCG division Future Consumer, is eyeing a 10-fold growth in five years. The plan is to take the top line to Rs 20,000 crore by 2021
Future group is planning to have 3,000 more such stores in the next 5 years
Soaring costs prompt decision to shut Big Bazaar Direct
The deal will Help Birla exit loss making retailer, while allowing Biyani to grow stronger in the retail business
The group says its hypermarket chain Big Bazaar has tied up with Snapdeal
Kishore Biyani's Future Group is aiming for Rs 1,000 crore of sales from a five-day shopping event called 'Maha Bachat'
Tie-up will make Big Bazaar the anchor store on the Paytm marketplace
The group would need around Rs 400 crore for the expansion
Grasim had signed an agreement with Future Consumer Enterprise for sale of its consumer products division on a slump sale basis
Company plans to invest Rs 400 crore and port of it will be funded by Black River Asset Management also
Plans aggressive discounting in the first eight days of a month, followed by vouchers, to ensure consistent footfalls
The ecommerce portal is ready and will be launched pan India in three months, Biyani said
The transaction values the company at Rs 1,450 crore; deal to include 14% to be acquired from Future Retail and 26% from SKC 1
The Future Group will soon come-up with an omni-channel strategy
The association will allow Oxigen's retailers to sell the assortment of Big Bazaar Direct through its network to end customers