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Future Retail news

08 October 2021
Reliance Retail has announced that it would be rolling out 7-Eleven convenience stores in India. This news has come just two days after Future Retail ended a similar deal with 7-Eleven. First 7-Eleven stores will open in Mumbai this month Andheri East in India’s financial capital of Mumbai will have the first 7-Eleven 24-hour convenience store on October 9, followed by a rapid rollout in ot...
06 April 2021
Reliance Retail has announced that it is extending the date to complete the purchase of Future Retail.  While waiting for the merger to be approved by the authorities, Reliance Retail is focusing more on growing its private label brands, while Future Retail has enhanced its digital capability with a two-hour delivery guarantee for online shoppers of Big Bazaar. Potential acquisition of Future...
16 February 2021
After Indian online grocers BigBasket and Grofers have reported growth in revenue last week, Spencer’s and Future Retail have recently announced a decline in their income for October to December 2020. Future Retail: revenue has been badly affected by the pandemic Future Retail has reported 71% less revenue during the quarter of October to December 2020.  Its income has dropped from INR51,93...
08 January 2021
The Delhi high court recently upheld the proposed merger of Future Retail Limited (FRL) with Reliance Retail Ventures Limited (RNRL), following a challenge by Amazon.  It has also allowed Amazon to continue opposing the merger in appropriate legal forums. Delhi high court clears Future-Reliance deal According to the Delhi high court, the transaction between Future and Reliance did not viola...
02 September 2020
Reliance Retail Ventures, a subsidiary of Reliance Industries, will buy Future Group’s retail and wholesale business including its logistics and warehouses for US$3.4bn. Reliance strengthens leadership position Reliance Retail is India’s largest retail store operator including 621 Reliance Fresh (neighbourhood stores) and Reliance Smart (supermarkets), 52 Reliance Market (cash and carry), 7...
07 January 2020
Amazon is partnering with Indian Retail Group, Future Retail, to expand the reach of Future Retail’s stores through Amazon’s marketplace. The deal will see Amazon become the official online sales channel for Future Retail. Authorised online sales channel Amazon India will become the authorised sales channel for Future Retail stores, enabling the latter to reach a wider customer base. Future...
23 July 2019
Rapid launch of convenience chain into Mumbai. Looking to tap into potential gaps in the grocery retail sector Earlier in March, we reported on the master franchise agreement between the Future Group and 7-Eleven, paving the way for 7-Eleven stores to begin operations in India. This was quickly followed up with the Group’s announcement of the 7-Eleven India CEO a month lat...
29 March 2019
First phase of launch announced; CEO for joint venture appointed. Eight 7-Eleven stores to open in Mumbai After signing a master franchise agreement with 7-Eleven last month , Future Group announced that it will open eight 7-Eleven stores in Mumbai as an initial phase. In addition, the Group shared that it is exploring two different retail formats of the chain. The Group is experime...
11 March 2019
Future Retail announces expansion plans for Big Bazaar. 25 stores targeted for eastern India Future Retail has announced plans to spend INR200 crore (US$28.6m) to boost its store network in the eastern region of the country. The retailer is aiming to open 25 new stores from April, operating under the Big Bazaar banner. Of these 25 new stores, at least seven of them will be located in Kol...
01 March 2019
Seven & i Holdings partners with Future Retail to develop and operate its iconic brand in the country. First stores expected this year 7-Eleven, the world’s largest convenience retailer, announced that it has signed a master franchise agreement with Future Retail to begin operations in the country. The deal looks set to benefit both parties as the Future Group gains access to global tech...