Yahoo India Web Search

Sign In

Search results

  1. People also ask

  2. en.wikipedia.org › wiki › Smart_BazaarSmart Bazaar - Wikipedia

    Big Bazaar Converting to Smart Bazaar at Avani Riverside Mall. In 2020, Big Bazaar was acquired by Reliance Retail, the retail division of the Reliance Industries, as part of a ₹24,713 crore ($3.36 billion) sale transaction of Future Group. However, the deal was called off on 23 April 2022 after FRL's creditors voted against going forward ...

  3. www.hindustantimes.com › business › reliance-takesReliance takes control of Future Retail stores, including Big ...

    Reliance will likely replace Big Bazaar signages and branding from these stores with its own brand.

  4. Videos

    View all

  5. relianceretail.com › reliance-smartReliance Retail

    Reliance Smart. Reliance SMART is one of the largest & fastest growing Grocery retail chains in India. Synonymous to its name, SMART is a new age supermarket serving the needs of today’s smart and value seeking customers.

  6. trak.in › tags › businessBig Bazaar Shuts Down Across India: Reliance Will Rebrand 200 ...

    • Rebranding Happening Soon
    • Online and Offline Businesses Closed
    • Financial and Legal Struggles
    • Reliance to The Rescue
    • Rebuffing Amazon

    FRL told stock exchanges on Saturday the company was “scaling down its operations”. Its stores across India remained shut as Reliance did stock-taking ahead of a rebranding. It will now run and rebrand the outlets that would otherwise be closed but the balance stores will continue to be run by FRL, ensuring that its operating losses are reduced and...

    See full list on trak.in

    Big Bazaar told its customers that the stores will be non-operational for 2 days. Its online business, the e-commerce mobile app and website were also unavailable for ordering. Reliance has stepped in at a crucial time, considering the acquisition deal announced in 2020 is stuck in a legal battle with Amazon.

    See full list on trak.in

    The deal got mired in a legal conflict when Amazon objected to it. Already cash-strapped, Future Group has been defaulting on payments to lenders and struggling to keep its stores open. It has also defaulted in payment of dues to the owners of the leased premises. Consequently, many have initiated termination of the lease agreements for repossessio...

    See full list on trak.in

    Reliance transferred the leases of some stores to its name and sublet them to Future to operate the stores. It will re-employ Future Retail staff working at these locations and bring them under its payroll. At least 30,000 such employees are being given offer letters and over the next few days Reliance will begin the rebranding.

    See full list on trak.in

    Reliance’s move upsets Amazon’s plans as it had hoped to get a share of FRL stores. However landlords appear to have independently given the leases to Reliance.

    See full list on trak.in

  7. trak.in › tags › businessBig Bazaar Becomes Reliance Stores! 200 Big Bazaar Outlets ...

    Mar 2, 2022 · The company Future has over 1,700 outlets. Reliance is going to rebrand 200 of Future’s Big Bazaar stores. All the other stores will continue to be run by Future Retail. Reliance had...

  8. economictimes.indiatimes.com › industry › servicessmart bazaar: Reliance Retail to set up own stores in Future ...

    Mar 11, 2022 · Reliance Retail has finalised a new retail store brand, Smart Bazaar, for the locations where the Future Group's Big Bazaar outlets used to operate, two industry executives said. The retail unit of Reliance Industries is working on opening its own stores in around 950 properties it had sub-leased to the Future Group but took possession back ...

  9. www.reuters.com › markets › stocksIndia's Future Group jumps as Reliance plans retail stores ...

    Feb 28, 2022 · Though Future has more than 1,700 outlets, all the 200 stores that Reliance will rebrand as its own will be the group's flagship supermarket chain 'Big Bazaar', which was started about two...