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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 ...
Mar 27, 2020 · Kishore Biyani is fighting 2 battles – feeding India via Big Bazaar & saving his business. Kishore Biyani’s two-front battle illustrates challenges faced by Indian companies after PM Modi announced a 21-day lockdown to fight coronavirus.
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.
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.
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 ...
Apr 14, 2022 · New Delhi, Apr 14 (PTI) Public sector lender Bank of India has moved to the National Company Law Tribunal (NCLT) seeking initiation of insolvency proceedings against Future Retail Ltd and a moratorium over the assets of the Kishore Biyani-led debt-ridden firm. Besides, Bank of India (BOI), the lead banker of a consortium of banks that […]
Nov 26, 2021 · Future Retail Ltd. transfered Rs 70 billion ($939 million) in the year ended March 2020 as a capital advance to a company controlled by its founder Kishore Biyani and as payment for goods and services purchased from the related firm, Amazon said in a letter seen by Bloomberg News.
