New Delhi: Billionaire Mukesh Ambani-led Reliance Industries Ltd (RIL) is reportedly closing in on a deal that would see it acquire a controlling stake in Kishore Biyani’s Future Group. Worth mentioning here is that the move will provide RIL the much-needed firepower to become number one physical retail player across segments such as groceries, fashion and general merchandise.
Future Retail has around 1,388 stores across various formats, including Big Bazaar, Fashion at Big Bazaar (FBB), ezone, and Foodhall, as per several research firms’ reports.
At least three major entities promoted by Biyani—Future Retail, Future Lifestyle Fashions and ...
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