Page 34 - Future Group News Today

Rejection of the Reliance deal by its creditors has put Future Retail in deep trouble. With Reliance becoming the main tenant of 835 FRL stores across formats, it has very little to offer to any potential buyer, once its creditors drag it to the auction block

Kekre has joined TBWA from DDB Mudra Group, replacing Satish Krishnamurthy

TBWA INDIA has appointed Amit Kekre to the role of chief strategy officer, with immediate effect. Amit joins TBWA from DDB Mudra Group, replacing Satish Krishnamurthy.

While India’s ease of doing business or EoDB ranking has risen, on-ground indicators suggest a tough time for Indian startups & tech giants

Last week, Bank of India had moved the tribunal seeking to initiate insolvency resolution proceedings against FRL, which has defaulted on loan repayments, , NCLT, future retail, Insolvency Plea

Indian equity benchmarks jumped on Thursday, riding higher on investor optimism driven mainly by a rally on Wall Street tracking robust US company earnings, but global economic growth fears, a slowdown in demand from China's stringent restrictions, and Europe's energy crisis persist.

He joins TBWA from DDB Mudra Group and will replace Satish Krishnamurty.

FRL has defaulted on payment of Rs 5,322.32 crore to its lenders on account of the ongoing litigations with e-commerce major Amazon and other related issues.

Billionaire’s US$3.2bil retail plan rebuffed by banks

The apparel firm of Future Group, in a regulatory filing on Tuesday, denied a media report that stated that Future Group has initiated the revival process for FLF, that has not defaulted on loan repayments and is also not a part of the insolvency proceedings against the group.