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Kishore Biyani

Innovation: Bigbazaar.com introduces pre-book feature this Diwali

Big Bazaar, India’s leading hypermarket chain for the 1st time introduces ‘pre-booking’ during its festive Diwali offers! It’s a limited period pre-booking window which allows users to pre-book Redmi4 and Redmi Note4 for just Rs 1,001 and other product...

Future Retail executes SPA for Hypercity Retail acquisition

Future Retail said it has executed share purchase agreement (SPA) with Shoppers Stop for its Rs 655 crore acquisition of Hypercity Retail in stock-and-cash deal. According to a PTI report: Last week, Kishore Biyani-led Future Retail Ltd (FRL) had announced...

The HyperCity Story: What Went Wrong

HyperCity, which had appointed Ramesh Menon as CEO last year has been for some time now, struggling to maintain its own in front of its bigger and more popular competition, Big Bazaar. However, there was once a time when the...

How Future Retail expanded its Indian grocery footprint under Kishore Biyani

Future Retail is making a habit of taking over regional retail brands to strengthen its store network in India and to expand its grocery retail footprint in the country. Last year, it acquired Heritage Fresh’s retail stores. The two companies...

Future Retail acquires HyperCity for Rs 655 crore

Kishore Biyani-led Future Retail has acquired HyperCity Retail for Rs 655 crore. The buyout, through cash, worth Rs 155 crore and shares worth Rs 500 crore would give Biyani control over 19 large outlets of HyperCity spread across Mumbai, Hyderabad, Bengaluru, Bhopal,...

Skechers to launch apparel collection in India next year; to open 500 new stores

American footwear major Skechers is looking at opening up to 400 more exclusive outlets in India within five years as it expands operations as well as launches apparel and accessories collection in the country. It operates 100 exclusive outlets in the country that are company-owned as...

Future Retail explores merger options with HyperCity Retail

Kishore Biyani-led Future Retail is in talks with HyperCity Retail, part of the K Raheja Corp Group, for a possible merger between the two. According to a PTI report: "All discussions at this stage are exploratory in nature. The company...

The changing retail landscape of East India

Smoothly riding the crest of Eastern India’s aspiration wave and changing shopping trends in the metros, Tier II and III cities of the region have driven the conventional trader-run stores to morph into more organized, large-format retail outlets. And,...

Baba Ramdev to launch 'swadeshi' clothing brand; eyes Rs 5,000 cr from apparel sector

Yoga Guru Baba Ramdev is coming to beckon you with his company's stylish 'Swadeshi' apparel. According to a ANI report: After successfully establishing its footprint in the food, healthcare, toiletries and cosmetics divisions; Baba Ramdev's Patanjali Ayurved Ltd. is all...

Devendra Chawla joins Walmart India as COO

Walmart India has roped in former CEO of Future Consumer Devendra Chawla as its Chief Operating Officer, a source close to the company told PTI. According to a PTI report: Chawla, who had last week quit from Future Consumer --...
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Govt asks retailers to cut profit margins on pulses; pass on lower wholesale rates

The government warned that it would take stern actions against unscrupulous speculation and profiteering by market players.New Delhi: The...
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