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Future Retail news

08 November 2016
India’s leading conglomerate Future Group has agreed to acquire Heritage Foods’ retail and allied businesses. Meanwhile, Walmart has abandoned plans to set up food-only stores in India. Future Group’s fifth acquisition in India It’s revealed that the deal will include Heritage Foods’ grocery and food retail stores, as well as bakery and farm sourcing businesses. Future Group will issue new ...
27 October 2016
India’s retail conglomerate Future Group is looking to form a strategic partnership with the world’s largest consumer goods company Procter & Gamble (P&G). Closer tie between the retailer and manufacturer The partnership between the two companies involves joint sales forecasting and planning, exclusive product releases, embedding senior executives at each other’s headquarters and even suppl...
22 September 2016
Indian retail giant Future Group has bought Sangam Direct, a retail store chain from Wadhawan Retail, further consolidating its position as the country's largest grocer. 30 stores added to its northern Indian network Sangam Direct, which operates over 30 stores across Delhi and Bengaluru, was started by Hindustan Unilever in 2001 as its online groceries delivery platform and later acquired ...
23 August 2016
India's market leading grocery retailer has announced plans to open 1,000 supermarkets, under its Nilgiris banner. Rapid expansion over the next three years The retailer currently operates 160 Nilgiris supermarkets, focused on the southern Indian states of Karnataka, Tamil Nadu, Andhra Pradesh, Telangana and Kerala. However, plans to rapidly expand the banner, opening 1,000 new stores o...
17 June 2016
As the Consumer Goods Forum’s Global Summit in Cape Town draws to a close and looks ahead to the 2017 gathering in Berlin, we look at the inspiring appearances from the former captain of South Africa’s Rugby World Cup winning team, Francois Pienaar, and laureates from the Enactus network, and presentations from the chief executives of Ahold, Dick Boer, and the Future Group, Kishore Biyani. Ins...
07 March 2016
Trent Hypermarket and Future Group have struck a deal whereby the Tesco-Tata operated Star Bazaar stores will stock Future Group's private label products. First deal of its type in Indian market The deal will see Star Bazaar stores initially stock 31 SKUs under brands such as; Sunkist, Tasty Treat, Karmiq, Fresh & Pure, Think Skin, Clean Mate and Care Mate, before expanding the range to...
06 January 2016
The group that owns the Hypercity and Shoppers Stop retail banners in India has announced plans to invest Rs5.25bn (US$80m) over the next three years. Up to 30 stores to open as part of the development The group will use the money to expand its footprint, with nine new Hypercity hypermarkets and 18-21 Shoppers Stop department stores due to open over the next three years. As well as open ...
09 November 2015
India's Future Group has launched what it calls a new 'Gen Next' Big Bazaar format, aimed at giving its stores a more premium look and feel. Targeting India's young and affluent middle class Future Group intend the new format to help them drive sales with young and affluent shoppers, who now account for a third of its in-store footfall, up from less than 25% two years ago. The new format...
09 October 2015
Following the acquisition of Bharti by Future Retail, the company is to rebrand Easyday stores and realign its business practices. Easyday hypermarket banner to disappear Future Retail plans to merge the 15 Easyday hypermarkets into its Big Bazaar format whilst retaining the 188 Easyday supermarkets. Big Bazaar is a key format of Future group and accounts for around 90% of its sales. T...
04 June 2015
With positive signs from government in relation to its support for Foreign Direct Investment in retail and boosted by a growing market, retailers in India are looking for opportunities to grow their presence and gain share. Indian retail market will reach USD 1.3tn by 2020 Consultancy firm A T Kearney’s ‘The 2015 Global Retail Development Index’ report forecasts that India’s retail industr...