Everand Logo

Welcome to Everand!

  • Business Today

    Future Tense

    Apr 29, 2022 3 minutes
    BY KRISHNA GOPALAN

    THERE IS NO DEARTH of uncertainty on the fate of the Kishore Biyani-promoted Future Group. Caught in a mountain of debt, its flagship, Future Retail as also Future Lifestyle Fashions, among other group companies, face an uncertain future as the next stop appears to be the insolvency courts.

    A deal struck in August 2020 had Reliance Retail agreeing to buy out the wholesale, retail and logistics businesses of Future Group in a ₹24,713-crore ($3.4-billion) deal. The beleaguered seller could not have asked for anything better

    You’re reading a preview, subscribe to read more.

    More from Business Today

    Business Today4 min read
    Watch that Wrist
    Bulgari has once again set the world record for creating the thinnest watch on the planet with the Octo Finissimo Ultra COSC, which is 1.70 mm thick, even thinner than the 1.80 mm it had achieved in 2022. The new watch, limited to only 20 pieces, als
    Business Today1 min read
    Tough Times
    1 Thierry Delaporte, Wipro’s seventh CEO who joined the firm in 2020, quit before his tenure was set to end 2 In this, he follows his predecessor Abidali Neemuchwala, who joined Wipro from TCS 3 Wipro has been hit by the exits of senior executives, a
    Business Today2 min read
    Business Today
    Chairman & Editor-in-Chief: Aroon Purie Vice Chairperson & Executive Editor-in-Chief: Kalli Purie Group Chief Executive Officer: Dinesh Bhatia Executive Director: Rahul Kanwal Chief Operating Officer: Alok Nair Editor: Sourav Majumdar Group Creative

    Related