The retail chain operator faces several hurdles, including evolving customer preferences, disruptions in transport logistics, and intensifying competition, analysts at domestic brokerage Nuvama said.
The CoC had provided two options in the EoI and the last date for submission was April 7
A source said there was a possibility that Reliance may trim the sizes of some of its stores and may also look at shutting down some locations
Future, hit by the pandemic, has been struggling to pay off its debt and is fighting a bitter legal battle with US retail giant Amazon
FR: says its board has strongly objected to such action by RIL and has also put a notice to it to reconsider all other action initiated over the past few days
Reliance to rebrand and open majority of 200 stores in next 7 days
'Reliance Retail Ventures Limited extended the timeline for Long Stop Date from September 30, 2021 to March 31, 2022,' says Future Retail
Group's financial metrics may deteriorate further in June quarter due to second wave
With this, it has achieved half its initial target within two months
Most categories looking to capitalise on out-of-home momentum
Shops can't forbid customers to bring in their own bags and then charge them for carry bags
Big Bazaar, which has its presence in over 100 cities across the country, is planning to open 16 more stores to take the overall count to 300 over the next three quarters, a company official said
Future Retail admitted in a statement that the Covid-19 pandemic had impacted its business significantly
Strategic investor to be inducted later; General Atlantic becomes third PE firm to infuse funds
With the combined entity more than twice its size in grocery, pricing pressures could hit profitability
Rival Reliance Retail too will be investor in company
The financial instruments of Future group have gone through multiple rating downgrades in recent months due to the delay in payments
Aggressive expansion plans have led to cost overrun, sliding profits for Future Group firms
Large retailers like Big Bazaar, FBB and Cantabil have opened their selective stores with 'no exchange, no return' policy
An agreement between Ambani's Reliance and Future, which already has a partnership with Amazon.com Inc., could be announced as early as next month