• About
  • Contact
Friday, January 22, 2021
Next Big Brand
  • .
  • News
  • Internet
  • Startup
  • OTT
  • Agency
  • Industries
  • FMCG
  • Automobile
  • Retail
  • Tech
  • Case Study
  • Interview
No Result
View All Result
Next Big Brand
Home News

Future group Gets Ready for its Flagship Republic Sale after Getting Large Orders from Reliance Retail.

Abdul Kadir Khan by Abdul Kadir Khan
December 30, 2020
in News
2 min read
0
Future group Gets Ready for its Flagship Republic Sale after Getting Large Orders from Reliance Retail.

Future Group Founder and CEO Kishore Biyani

Share on FacebookShare on Twitter

Future group, a retail chain operator, whose business was badly affected in the covid pandemic, is restarting its operations again after acquiring a favorable deal from Reliance Retail. It is already known that the Future group closed so many units in 2020 because of a national lockdown.

In a welcome email to employees, Future group owner informed that the company is focusing on its Flagship Republic day sale after getting a big positive deal from Reliance retail. As per the Economic Times report, Kishore Biyani, CEO of Future Group said, “We are also considering to start two new brands in Fashion and Fast Moving Consumer Goods(FMCG) categories. These new brands will offer multiple consumer products related to the above categories.”

In August 2020, Future group already sold all its retail assets to Reliance Retail with an amount of nearly Rs 25000 crores. Amazon, who owns 49% stacks in Future Coupon that is a Future Group holding company, knocked on the door of the Singapore Arbitration Centre in November and got the stay. Since shareholders no objection certificate is one of the requirement to seal the deal, That is why the deal is not yet completed.

Future retail has 1500 retail stores in 400 cities. Big Bazaar is one of the flagship store chains which operates in the category of large stores in India. EasyDay Club and Heritage Fresh come under the category of small store chains under the banner of Future retail. On the other hand, Reliance Retail has 11784 stores across India with a revenue of approximately Rs 38000 crores in the first quarter of 2020.

Big Bazaar’s flagship Republic day sale, started in 2006, is one of the special occasions for the retailers to grab the favorite items at a low price. From the year 2020, Big Bazaar is also going live on the Amazon platform. This agreement will benefit both Amazon and Future Group by leveraging each other’s network for future expansion.

Current development related to Reliance Retail order to Future Group has also brought a piece of positive news for job seekers. The Future Group has announced different openings at top management levels. They are also reopening the retail stores closed due to covid pandemic.

Previous Post

Top 10 Indian Startups Of 2020- Editor's Choice

Next Post

Jio and MediaTek Come Together to Host 70-days E-sports Tournament.

Abdul Kadir Khan

Abdul Kadir Khan

Abdul Kadir Khan is a Content Writer at Next Big Brand. Hails from UP. Postgraduate in Computer Science. Content Maniac and Trainer. Love to write about startups, Brands, and Trending Tech.

Related Posts

Dips and Sauces Maker Wingreens Farms Acquires Natural Beverage Startup Raw Pressery
News

Dips and Sauces Maker Wingreens Farms Acquires Natural Beverage Startup Raw Pressery

January 22, 2021
Cred Founder Kunal Shah Invests in the new Venture of One Plus Co-founder Carl Pie
News

Cred Founder Kunal Shah Invests in the new Venture of One Plus Co-founder Carl Pie

January 21, 2021
SEBI Approved Much Talked Future Group-Reliance Industries Deal
News

SEBI Approved Much Talked Future Group-Reliance Industries Deal

January 21, 2021
Tata Group is All Set to Acquire 60% stake in BigBasket
News

Tata Group is All Set to Acquire 60% stake in BigBasket

January 20, 2021
Chinese Billionaire Jack Ma Suspected Missing after Condemning the Chinese Government.
News

Alibaba Share Surges after Jack Ma’s Resurfacing Video

January 20, 2021
Indian Government Strictly Asks WhatsApp to Withdraw New Policy Change
News

Indian Government Strictly Asks WhatsApp to Withdraw New Policy Change

January 19, 2021
Next Post
Jio and MediaTek Come Together to Host 70-days E-sports Tournament.

Jio and MediaTek Come Together to Host 70-days E-sports Tournament.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

RECOMMENDED NEWS

Google apps will not be accessed on new Huawei smartphones. image source

Global App Revenue Reached $39 Billion in the First Half of 2019

2 years ago
Google Tangi App - Next Big Brand

Google’s Tangi App Is Ready For a Face-Off With Tik-Tok App

12 months ago
T-Series YouTube Channel - Next big brand

T-Series YouTube Channel Bags 100 Billion Views – First Channel Ever to Do This!

11 months ago
Fortnite Apple Google Store- Next Big Brand

Apple App Store & Google Play Store Removes Fortnite By Epic Games

5 months ago

FOLLOW US

  • 22.4k Fans

BROWSE BY TOPICS

2018 League amazon Amazon Great Indian Sale Amazon Prime Apple Apple Inc Automobile Industry Balinese Culture Bali United Budget Travel Champions League Chopper Bike Doctor Terawan facebook Facebook app future group hotstar Indian OTT Platforms Indian Smartphone Market Istana Negara Jio Market Stories Maruti Suzuki National Exam Netflix Netflix India Netflix Originals oppo OTT OYO Realme Reliance Industries Limited Reliance Jio RIL Samsung Tata Motors Tiktok TikTok India TikTok Videos Visit Bali Vivo whatsapp Xiaomi Xiaomi India YouTube
Next Big Brand

We Talk About Brands

Follow us on social media:

Recent News

  • Dips and Sauces Maker Wingreens Farms Acquires Natural Beverage Startup Raw Pressery
  • Cred Founder Kunal Shah Invests in the new Venture of One Plus Co-founder Carl Pie
  • SEBI Approved Much Talked Future Group-Reliance Industries Deal

Instagram

Follow Me!

Latest News

Dips and Sauces Maker Wingreens Farms Acquires Natural Beverage Startup Raw Pressery

Dips and Sauces Maker Wingreens Farms Acquires Natural Beverage Startup Raw Pressery

January 22, 2021
Cred Founder Kunal Shah Invests in the new Venture of One Plus Co-founder Carl Pie

Cred Founder Kunal Shah Invests in the new Venture of One Plus Co-founder Carl Pie

January 21, 2021
  • About Us
  • Privacy Policy
  • Terms and Conditions
  • Disclaimer
  • DMCA Policy
  • Our Team
  • Contact Us
  • Sitemap

© 2019 NBB. All Rights Reserved.

No Result
View All Result
  • .
  • News
  • Internet
  • Startup
  • OTT
  • Agency
  • Industries
  • FMCG
  • Automobile
  • Retail
  • Tech
  • Case Study
  • Interview

© 2019 NBB. All Rights Reserved.

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.