We have committed mistakes, says Future Group CEO Kishore Biyani

The statements acquire significance in light of Biyani's attempts to move on after a breakdown in talks between his flagship retail company Future Retail and Amazon

In a rare admission on strategy slip-ups, Kishore Biyani, chief executive officer of Future Group, said on Tuesday that his conglomerate comprising retail and consumer businesses had committed mistakes, spreading itself too thin across formats. “We got into just too many categories,” he said when reflecting on his journey over the past few years at the Retail Leadership Summit, currently on in Mumbai.
 
“I have decided that our focus now will be on food, fashion and home only. Nothing else. Earlier, we got into multiple categories without having the bandwidth or resources. But now, we will keep our focus