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Aug 31, 2021 · KB (Kishore Biyani) had prospected the same business a few years ago with all its brand building, product understanding, retail network and procurement capabilities – and failed, he said. Sanjeev kept provoking: ‘Why should I buy your shoe for Rs 3,000 when I could buy an end-of-season sale Nike/Adidas/ Skechers/Puma for Rs 3,000 as well?
Jan 25, 2021 · The Delhi High Court will hear the matter on Jan. 28. Besides seeking prison for tycoon Kishore Biyani, the e-commerce giant wants enforcement of the Singapore arbitrator’s ruling in October against the $3.5 billion deal, the people said, asking not to be identified citing rules on speaking to the media. The Jeff Bezos-led American firm, in ...
Nov 13, 2020 · The Jeff Bezos-led e-tailer has accused Future and its founder Kishore Biyani of flouting disclosure rules, according to court filings seen by Bloomberg. Future’s disclosures were “made as per the applicable requirements,” the company said in an email, refuting the allegations.
Mar 27, 2020 · Future Consumer Ltd., one of Biyani’s biggest listed companies, has tumbled 65% this year and touched a more than five-year low on Friday. The tycoon’s two-front battle illustrates the challenges faced by many Indian companies after Prime Minister Narendra Modi announced a 21-day lockdown to fight the coronavirus.
Aug 31, 2021 · Here’s what Kishore Biyani told me Prashant Desai - August 31, 2021 In 'The Biography of a Failed Venture’, Prashant Desai writes that he wanted Indians to have an affordable shoe brand and go beyond Nike, Puma, Adidas.
May 14, 2022 · Mumbai (Maharashtra) [India], May 14 (ANI): Kishore Biyani-led Future Retail’s Chief Financial Officer (CFO) C P Toshniwal has resigned from the company with effect from May 12. Future Retail Limited announced about the resignation of Toshniwal in a regulatory filing to the stock exchanges. Show Full Article “Pursuant to above referred regulation read with Schedule […]
Jun 18, 2020 · The holding firm, through which Biyani’s family owns its stake in the units, owes lenders including Apollo Global Management Inc., Blackstone Group Inc. and UBS Group AG. The listed entities have debt of about 100 billion rupees ($1.3 billion), while the amount is similar for the holding vehicles of the family, the people said.
Mar 16, 2022 · It was a dramatic denouement to a three-year-old saga. Amazon was Future’s original rescuer, investing $192 million into a gift voucher unit controlled by its founder Kishore Biyani so he could use the money to steady the debt-laden Indian retailer. Show Full Article. The condition of that 2019 deal was that assets — about 1,500 stores ...
Feb 1, 2021 · New Delhi: The Delhi High Court Monday sought to know whether US-based e-commerce giant Amazon and Kishore Biyani led Future Retail Ltd (FRL) were open to resolving the issue arising out of Rs 24,713 crore deal between FRL and Reliance Retail.
Dec 2, 2020 · Bengaluru: India’s Tata Group is in advanced talks to buy as much as 80% of BigBasket in a deal that is likely to value the local online grocer backed by Alibaba Group Holding Ltd. at about $1.6 billion, a person familiar with the matter said. The conglomerate is now negotiating how much stake it would purchase in Innovative Retail Concepts ...
