Page 26 - Big Bazaar News Today

Reliance's takeover began with utmost stealth on the night of February 25 when its staff began arriving at Future stores

The high-profile bitter dispute between corporate titans in which Amazon has sought to block Reliance's planned Rs 259,79 crore purchase of Future Group's retail assets is currently before India's Supreme Court.

Reliance's takeover began with utmost stealth on the night of February 25 when its staff began arriving at Future stores.

Reliance began stealth seizure of Future stores on February 25; Reliance to rebrand stores, keep Future employees

Reliance's takeover began with utmost stealth on the night of Feb. 25 when its staff began arriving at Future stores.

Future Retail Ltd, Indias second-largest retailer, suspended most of its online and offline operations as stores remained shut on Sunday, after rival Reliance bid to take over its flagship... | February 27, 2022

The latest twist with Reliance Retail moving in at a physical level happened after several landlords apparently approached it as the Biyani firm which is neck deep in losses, was unable to pay rent.

Shares in Future Group companies surged on Monday following reports that India's top retailer Reliance Industries would take on at least 200 Future Retail stores after the debt-laden group failed to make lease payments for them to Reliance.

Future Retail shuts most of its 1,700 stores, including Big Bazaar, Reliance plans to rebrand and open nearly 200 outlets in a week.

The BSE Sensex and the NSE Nifty are set to start the week on a bearish note, following soft cues from Asian peers and negative trade at SGX Nifty.