Leading retail chain Future group is planning thousands of small stores that will act as a distribution channel for consumer products. Currently, the group has 600 small stores ranging from 600-1,200 sq ft, and it is planning to have 3,000 more such stores in the next five years. “We already have…
Tag: Future Group
Race to acquire fashion portal Jabong hots up
The race to acquire Jabong is hotting up. Alibaba, Future Group, Flipkart’s unit Myntra and Aditya Birla’s e-commerce venture Abof are among those in negotiations to acquire the online fashion portal, said people with knowledge of the matter. Even Snapdeal is said to be in the fray, b…
IFC to invest Rs 134 crore in future consumer enterprise
Future Consumer Enterprise Limited (FCEL) July 2, 2016 said it would raise Rs 134 crore from the World Bank’s investment arm International Finance Corporation (IFC). FCEL, a part of Kishore-Biyani’s Future group, has entered into an agreement with IFC and as part of that it would issu…
E-commerce firms, retail groups boost handloom sales
The handlooms commissioner under the Union Ministry of Textiles says they have brought in nine leading e-commerce entities, including Flipkart, Amazon and eBay, to increase these products’ penetration in the domestic market. With the same end, they also tied up with 70 retail outlets. Alok Kumar,…