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Kishore Biyani spoke also about the tussle between Reliance and Amazon that further added to the woes of Future Group that was already in crisis mode following the COVID-19 pandemic.
Most of the Big Bazaar stores owned by Kishore Biyani have been closed and only 30 stores are operational.
Amazon is considering impleading Reliance Industries in the legal battle with Future Group after RIL seized control of 950-odd Big Bazaar stores, a move the e-commerce giant claims will prevent it from keeping Future Retail afloat and lenders from recovering their due
Future Retail stated that it has received notices for 835 stores – 342 large format and 493 small-format stores
Future Group turns focus back on retail ops as deal with RIL hangs in balance Top Searches Future Group turns focus back on retail ops as deal with RIL hangs in balance John Sarkar / TNN / Apr 1, 2021, 22:34 IST FacebookTwitterLinkedinEMail NEW DELHI: Kishore Biyani-led Future Group has turned its attention back on retail operations as its proposed deal with Reliance Retail hangs in balance. The cash-strapped supermarket operator, which is locked in a bitter legal battle with US retailer Amazon, will deliver groceries and apparel from its Big Bazaar stores to consumers within two hours in a...