Future Retail news

02 January 2014
Building on the success of its ecommerce venture, India's Future Group plans to blur the lines between in-store and online shopping to maximise sales opportunities. Merging online and offline shopping Future Retail's CEO Kishore Biyani has emphasised the central role of technology to the company's retail strategy. Whilst the ecommerce channel continues to experience rapid growth, pro...
20 November 2013
Future Group is negotiating a new acquisition, M&S plans largest overseas expansion and AEON considers new market entry... Future Group negotiating Nilgiris acquisition The Future Group is in negotiations for the acquisition of Nilgiris supermarket chain, the Economic Times reports. Comprising of over 90 supermarkets around Bangalore, Nigiris is majority owned by a private equity firm Act...
06 August 2013
India's government announced three amendments to FDI multi-brand retail policy, serving to relax the conditions of investment in the market. Three key changes to policy Fifty percent of first $100m invested to be on back-end infrastructure. This amendment puts a $50m cap on the original policy which stated fifty percent of investment in the first three years must be spent on back end i...
15 July 2013
The Indian retailer announces the extension of private label ranges in KB's Fairprice stores, and expansion into the health and beauty category. KB's Fairprice format driving growth The group launched private label brands into its stores in 2008; in the  convenience KB's Fairprice format these ranges now contribute around 40% to sales turnover. Future Retail forecasts accelerated g...
20 May 2013
India's Future Retail, formerly known as Pantaloon Retail, plans to expand its convenience format portfolio to more than 1,000 stores in the next two years. 1,000 KB's Faiprice stores by 2015 Future Retail currently operates around 200 franchised convenience stores in Delhi, Bangalore and Mumbai under the KB's Fairprice banner. Store numbers in these cities will increase rapidly, reac...
02 May 2013
India's Supreme Court has rejected a petition against FDI in multi-brand retail, saying that as a policy it did not suffer from any constitutional or statutory infirmity.  "Consumer is king" says court According to reports, the Supreme Court said the decision to allow FDI had a legal basis in a previous act.  It welcomed what it called the focus on benefiting the consumer by " enlarging ...
14 March 2013
India's Future Group is developing a cash and carry format in partnership with Hong Kong's Li & Fung Group, the Economic Times reports. Launch expected in the next three months The companies are already in partnership in logistics and supply chain under the subsidiary Future Supply Chain Solutions. It is expected that Li & Fung will hold a 26% stake in their latest joint venture, though a ...
10 January 2013
The Future Group will build its store portfolio of three formats through franchising, local press reports outline. Increasing presence in urban convenience market The Group's KB's FairPrice convenience format will be a key area of growth for the Indian retailer in 2013. Through the franchise model the store portfolio will increase from 170 to 500 stores, the majority of which will be in Delhi...