Future Retail news

02 September 2020
Reliance Retail Ventures, a subsidiary of Reliance Industries, will buy Future Group’s retail and wholesale business including its logistics and warehouses for US$3.4bn. Reliance strengthens leadership position Reliance Retail is India’s largest retail store operator including 621 Reliance Fresh (neighbourhood stores) and Reliance Smart (supermarkets), 52 Reliance Market (cash and carry), 7...
07 January 2020
Amazon is partnering with Indian Retail Group, Future Retail, to expand the reach of Future Retail’s stores through Amazon’s marketplace. The deal will see Amazon become the official online sales channel for Future Retail. Authorised online sales channel Amazon India will become the authorised sales channel for Future Retail stores, enabling the latter to reach a wider customer base. Future...
23 July 2019
Rapid launch of convenience chain into Mumbai. Looking to tap into potential gaps in the grocery retail sector Earlier in March, we reported on the master franchise agreement between the Future Group and 7-Eleven, paving the way for 7-Eleven stores to begin operations in India. This was quickly followed up with the Group’s announcement of the 7-Eleven India CEO a month lat...
29 March 2019
First phase of launch announced; CEO for joint venture appointed. Eight 7-Eleven stores to open in Mumbai After signing a master franchise agreement with 7-Eleven last month , Future Group announced that it will open eight 7-Eleven stores in Mumbai as an initial phase. In addition, the Group shared that it is exploring two different retail formats of the chain. The Group is experime...
11 March 2019
Future Retail announces expansion plans for Big Bazaar. 25 stores targeted for eastern India Future Retail has announced plans to spend INR200 crore (US$28.6m) to boost its store network in the eastern region of the country. The retailer is aiming to open 25 new stores from April, operating under the Big Bazaar banner. Of these 25 new stores, at least seven of them will be located in Kol...
01 March 2019
Seven & i Holdings partners with Future Retail to develop and operate its iconic brand in the country. First stores expected this year 7-Eleven, the world’s largest convenience retailer, announced that it has signed a master franchise agreement with Future Retail to begin operations in the country. The deal looks set to benefit both parties as the Future Group gains access to global tech...
10 September 2018
Expansion plans across both small and large format stores. Stores in more than 100 cities across India Future Retail has announced its intention to boost its store network in the coming months. It plans to open 20 more Big Bazaar hypermarkets as well as an additional 100 small format stores. When completed, this will bring its total network to more than 300 Big Bazaar stores and 766 small f...
12 June 2018
Future Group has said home deliveries of dairy products will start in two weeks. Orders made through a mobile app In conjunction with plans to launch 1,000 outlets under the Easyday, Nilgiris and Heritage banners, Future Group has announced its intent to enter the home delivery segment. As a first step, milk, bread and eggs will be made available for home deliveries in the major metro citie...
30 May 2018
Plans to significantly expand store network as part of growth strategy. Small stores dotted across India India’s largest retailer, Future Group, has announced plans to expand its store network with the opening of 10,000 small stores across the country. Operating under the “Easyday” banner, these stores will be no more than 2,500 sq ft and will be based on a members-only format. The company ...
14 May 2018
Further consolidation in India grocery market seems likely. Largest listed retailer in India exploring options Future Group, led by CEO Mr. Kishore Biyani, is seeking collaborations and partnerships to enhance its market share. In a recent statement, Mr. Biyani said that India’s largest listed retailer may acquire an ecommerce platform or sell a minority stake to a “ strong global retailer ...