A Felled Retailer
Jul 23, 2020
2 minutes
India’s best-known retailer, is in trouble. Deep, deep trouble. Already drowning in ₹13,000 crore of debt, Biyani’s Future Group was dealt a deathly blow by the coronavirus lockdown, bringing revenues to nil, and crippling its finances. The prolonged slowdown and lockdown double whammy has by now made the business entirely unsustainable.
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