Future Retail news

13 September 2017
Future Group is negotiating a deal to acquire large format retailer HyperCity, in an attempt to expand its presence across India. A deal is expected to be reached by the end of this month. Around 20 stores added to its network HyperCity operates around 20 hypermarkets in a number of different cities across India; Mumbai, Hyderabad, Bengaluru, Bhopal, Ludhiana, Amritsar, Jaipur, Pune, Ahmeda...
25 July 2017
Walmart India will appoint Devendra Chawla as its new Chief Operating Officer, from mid-August 2017. Wealth of experience... Chawla has previously worked at several well-known companies, including Reliance Retail, Coco-Cola and Asian Paints. Most recently, Chawla resigned as CEO of Future Group, having joined the company in 2009. He will report to Walmart India CEO Krish Iyer, and will mana...
26 May 2017
Future Group which operates Future Retail, a leading grocery retailer in India, plans to have 10,000 neighbourhood stores by 2021. Growing from a network of acquisitions Future Retail has 300 large and small format stores under Big Bazaar, Fashion at Big Bazaar and Food Bazaar. However, the growth of these will be limited to 400-450 in the next four years. After acquiring Easyday neighbourh...
24 April 2017
Private labels to generate higher margins The retailer plans to launch a new brand, category or product every two weeks. It is part of their strategy to establish itself as a standalone consumer goods company by 2021. "Our brands will be where the consumers are -modern trade, general trade or ecommerce -and we have got traction in a few channels already," said Devendra Chawla, chief executiv...
25 January 2017
India's largest grocery retailer has announced a major reshuffle of its senior managers, as it looks to treble its revenue by 2021. New positions in FMCG, supply chain and marketing As part of the restructure, Future Group has appointed a new CEO of its consumer goods function, CEO of its supply chain and logistics, and a new head of marketing: Devendra Chawla will become CEO of Futur...
16 November 2016
Leading UK food and grocery wholesaler Booker is to launch a joint-venture partnership with India's largest retailer, Future Consumer Ltd (the FMCG arm of the Future Group conglomerate), to drive the expansion of cash & carry wholesale formats in the Indian market.  The equal partnership between the two businesses will target the opening of 60-70 cash & carry depots in the next three years, build...
08 November 2016
India’s leading conglomerate Future Group has agreed to acquire Heritage Foods’ retail and allied businesses. Meanwhile, Walmart has abandoned plans to set up food-only stores in India. Future Group’s fifth acquisition in India It’s revealed that the deal will include Heritage Foods’ grocery and food retail stores, as well as bakery and farm sourcing businesses. Future Group will issue new ...
27 October 2016
India’s retail conglomerate Future Group is looking to form a strategic partnership with the world’s largest consumer goods company Procter & Gamble (P&G). Closer tie between the retailer and manufacturer The partnership between the two companies involves joint sales forecasting and planning, exclusive product releases, embedding senior executives at each other’s headquarters and even suppl...
22 September 2016
Indian retail giant Future Group has bought Sangam Direct, a retail store chain from Wadhawan Retail, further consolidating its position as the country's largest grocer. 30 stores added to its northern Indian network Sangam Direct, which operates over 30 stores across Delhi and Bengaluru, was started by Hindustan Unilever in 2001 as its online groceries delivery platform and later acquired ...
23 August 2016
India's market leading grocery retailer has announced plans to open 1,000 supermarkets, under its Nilgiris banner. Rapid expansion over the next three years The retailer currently operates 160 Nilgiris supermarkets, focused on the southern Indian states of Karnataka, Tamil Nadu, Andhra Pradesh, Telangana and Kerala. However, plans to rapidly expand the banner, opening 1,000 new stores o...