future retail ltd
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'Dues of $634 million compelled' takeover of Future Retail, says Reliance
The takeover was part of the race to dominate a $900-billion retail sector that set off a bitter dispute in which India's Supreme Court will decide whether Reliance or Amazon.com Inc gets to scoop up Future's assets.
Published on Mar 31, 2022 12:46 PM IST
Reuters |
Amazon urges SC to halt RIL takeover of FRL stores
Appearing before a bench, headed by Chief Justice of India NV Ramana, senior counsel representing the two companies submitted that the deliberations took place at the level of their solicitors on Saturday, but failed to fructify into any positive development.
Updated on Mar 16, 2022 05:16 AM IST
Utkarsh Anand, New Delhi
Reliance takes control of Future Retail stores, including Big Bazaar
Reliance has also offered jobs to existing employees at the stores after the Future Group failed to make due payments.
Published on Feb 26, 2022 06:02 PM IST
PTI | , New Delhi
Future Retail, 7-Eleven call off franchise agreement
In a stock exchange filing on Tuesday, Future Retail said the termination of the over two-year-old master franchise agreement was with “mutual consent” as Future7-India Convenience Ltd could not meet store opening targets and pay franchisee fees.
Published on Oct 06, 2021 08:00 AM IST
Suneera Tandon, New Delhi
SC defers hearing in Amazon-FRL case to June
The delay may come as a temporary setback for Amazon since it will buy Future Group and RIL two more months to work towards their proposed deal and realign operations
Updated on May 05, 2021 05:19 AM IST
Anirudh Laskar, Mumbai