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Biyani to stick on with home retailing, keep running it as independent biz

No plans to sell it despite competition from online players

Kishore Biyani, Future retail, big bazaar, bazar
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The lockdown post the outbreak has also led to an unprecedented increase in demand for home-office furniture, they say.

Viveat Susan PintoSamreen Ahmad Mumbai/ Bengaluru
Future Group Founder Kishore Biyani has no plans to exit home retailing, the only retail business he is left with after selling his retail assets to Reliance Industries, say persons in the know. 

“There are no plans to sell it. Home retailing will continue to run as an independent company owned by Biyani,”  says a source. 

Future’s home retailing interests, including furniture and furnishings are housed under Praxis Home Retail, which was created in FY18 when the group demerged the business from Future Retail. Both online and offline interests within home retailing were consolidated in Praxis, including HomeTown stores and online acquisition

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