Kishore Biyani inks a JV with Oman company

FBB stores sell apparel and other fashion merchandise

Eyes on overseas market: Future group signs JV with middle east firm

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Future Group introduced quick checkouts around Republic Day sales this year, asking customers to book time slots to avoid long queues

Raghavendra Kamath Mumbai

Last Updated : May 17 2017 | 12:48 AM IST

After Noel Tata-led Trent, Kishore Biyani’s Future Group is foraying into overseas markets.

Future Group on Tuesday signed a memorandum of understanding (MoU) with Oman-based Khimji Ramdas LLC (KR) to set up a joint venture (JV) to launch fbb stores in West Asia. Both companies have invested Rs 75 crore each in the 50:50 JV.

The JV company — KR Future Fashions LLC — will open four or five fbb stores in Oman and 17 to 18 stores in the region, said Biyani, group chief executive officer, Future Group.

fbb stores sell apparel and other fashion merchandise.

Future Group is also planning to extend

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