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FEL to sell 16% stake in Future Lifestyle for Rs.380 cr

The home grown retail major Future Enterprises (FEL) will be selling 16 per cent stake in Future Lifestyle for Rs.380 crore. FEL owns the physical assets or the store formats and infrastructure assets in the stores of Future Retail and Bharti retail. Future Enterprises was carved out of restructuring of Kishor Biyani led Future group. […]

appareltalk
December 21, 2016
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Apparel and Textile News Trade Info News

Kishore Steps Down As MD Of Future Retail

Future group chairman Kishore Biyani has resigned from the post of managing director of Future Retail Ltd as part of realignment of the group’s business, Future Retail said in a BSE filing. Another managing director as well as director of the company, Rakesh Biyani has also resigned as part of a restructuring to execute the […]

appareltalk
May 3, 2016
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Aditya Birla Buys Jubilant’s Hypermarket Business

Aditya Birla Retail has acquired Jubilant Industries’ hypermarket business in a slump sale deal. The acquisition marks another consolidation exercise in the domestic retail sector. This is the third consolidation announcement in the retail sector within a fortnight. Earlier this month, Aditya Birla Group merged its apparel businesses into a Rs 5,290-crore entity named Aditya […]

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May 15, 2015
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Tag: Bharti Retail

FEL to sell 16% stake in Future Lifestyle for Rs.380 cr

Kishore Steps Down As MD Of Future Retail

Aditya Birla Buys Jubilant’s Hypermarket Business