Future Group postpones plans to sell stakes in retail formats

Future Group has postponed its plans to sell stakes in some of its retail formats, according to reports. “We are no longer interested in diluting stake in these formats as debt has come down to a comfortable level,” Future Group chairman Kishore Biyani reportedly said. Earlier reports said that the company was planning to sell […]

Future Group to merge eZone and Hometown formats : report

Future Group reportedly plans to merge the formats of eZone (consumer electronics) and Hometown (furniture and lifestyle) to drive efficiencies and improve profitability for both businesses. It has even consolidated them under a single head. “There is cross pollination of products between the two formats and they are headed for a merger,” said Rajan Malhotra, […]

Future Group to raise Rs 8bn: reports

Future Group reportedly plans to raise Rs 8bn through stake sale in two insurance joint ventures with Generali Group and a formal announcement related to this deal could be made as early as next week. According to reports, Future Group has two insurance joint ventures currently with Generali—for life and general insurance. Future Group owns 74 per […]

Kishore Biyani shuts unviable Big Bazaar stores : reports

Future Group reportedly shut nine Big Bazaar stores last year and revamped some existing ones. It also shut five Food Bazaar supermarkets to improve profitability.   Kishore Biyani,Future Group chief executive was quoted as saying that the group had opened 18-20 Big Bazaar stores in the last year, net store addition stood at 10.We have got rid […]

Biyani front-runner to acquire Spykar

Future Group founder Kishore Biyani  has emerged as the surprise frontrunner to snap up homegrown denim brand Spykar, after Avigo Capital, which has majority stake, put it on the block last year. Biyani’s publicly traded investment company Future Ventures is in fairly advanced talks to buyout Spykar  Lifestyle in an all-cash or part cash and stock deal, […]

Future Group in talks with Tresmode to acquire stake

Kishore Biyani-promoted Future Group will increase its presence in the retail business by acquiring a minority stake in Mumbai-based footwear retail company Tresmode, soon. Future Ventures, the group company which invests in emerging businesses, is in advanced talks to buy 25 percent stake in Tresmode, valuing the footwear retailer at Rs 180 crores. If the […]

Future Group in talks with Avigo for Spykar stake: Sources

Future Group CEO Kishore Biyani is out shopping again. His investment-cum-business development company, Future Ventures  , is said to be in talks with PE firm Avigo Capital, to buy out its stake in homegrown apparel brand Spykar Lifestyle. CNBC-TV18’s Farha Bookwala reports. Avigo Capital holds 60 percent stake in Sypkar Lifestyle and is said to […]

CCI nod to Future Group’s fashion biz restructuring

Fair trade regulator Fair trade regulator Competition Commission (CCI) has approved the restructuring of Future Group’s fashion businesses that includes Pantaloon Retail. The restructuring process involves five Group entities – Pantaloon Retail India, Futures Ventures India, Indus-League Clothing, Lee Cooper and Future Lifestyle Fashions. Noting that the proposed combination is a “measure of internal re-structuring […]