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Reliance Retail to take over another 250-300 Future Retail stores : Rashtra News #Reliance #Retail #Future #Retail #stores In August 2020, RIL inked a deal to acquire the retail business of Future Group for Rs 24,713 crore. By Rajesh Kurup Reliance Retail, a subsidiary of Reliance Retail Ventures (RRVL), is planning to take over an
Over months, Reliance has taken over the leases of more than 900 of Future's 1,500 stores, while still allowing the company to run them.
Future Retail stated that it has received notices for 835 stores – 342 large format and 493 small-format stores
Future Retail shuts most of its 1,700 stores, including Big Bazaar, Reliance plans to rebrand and open nearly 200 outlets in a week.