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