Future Group is an Indianconglomeratecompany founded by Kishore Biyani, headquartered in Mumbai, Maharashtra, India. The company is known for having a significant prominence in Indian retail and fashion sectors, with popular supermarket chains like Big Bazaar and Food Bazaar, lifestyle stores like Brand Factory, Central, etc. The group also has a notable presence in integrated foods and FMCG manufacturing sectors. Future Retail Limited and Future Lifestyle Fashions Limited, two operating companies of Future Group, are among the top retail companies listed in BSEwith respect to assets, and in NSE with respect to market capitalisation. On May 2012, Future Group announced a 50.1% stake sale of its fashion chain Pantaloons to Aditya Birla Group in order to reduce its debt of around. To do so, Pantaloons fashion segment was demerged from Pantaloons Retail India Ltd; the latter was then merged into another subsidiary—Future Value Retail Ltd—and renamed to Future Retail Ltd. Future Group is a corporate group and nearly all of its businesses are managed through its various operating companies based on the target sectors. For e.g., retail supermarket/hypermarket chains Big Bazaar, FBB, Food Bazaar, Food Hall, Hometown, etc. are operated by its retail division, Future Retail Limited, while its fashion and clothing outlets Brand Factory, Central, and Planet Sports are operated via another of its subsidiaries, Future Lifestyle Fashions Limited. Furniture is retailed through HomeTown stores in major cities and online. With these many fashion outlets and supermarkets, the group also promotes its fashion and sports brands like Indigo Nation, Spalding, Lombard, Bare, etc., and FMCGs like Tasty Treat, Fresh & Pure, Clean Mate, Ektaa, Premium Harvest, Sach, etc. It also has operating companies to cater specifically to internal financial matters and consulting within its group of companies. On November 21, 2014, Future Consumer Enterprises Limited acquired the 98% from Actis Capital and other promoters. With that, Nilgiris is a fully owned subsidiary of Future Consumer Enterprises Limited. Future Retail Ltd. is listed on in S&P BSE 200. It Belongs to A group company In Jun 2020, Reliance Group has propose to buy Future Retail from Future Groups
Future Group's operating companies sorted by targeted markets
Biyani company valued at ₹43,000 crore: Amazon gets coupons to invest in Future Retail.... MUMBAI: Amazon has agreed to acquire an indirect minority stake in Future Retail, the operator of Big Bazaar and EasyDay chains, ahead of an option to buy all or part of the promoters' holding in the company after three years. Rajan Malhotra the President – Retail Strategy at Future Group resigned in Nov 2019.
Generali Group
is an Italian insurance company, having business in India through a joint venture with Future Group under the brand name Future Generali Insurance. Future Generali operates in India having through two primary legal entities namely Generali India Life Insurance Co. Ltd. and Generali India Insurance Co. Ltd.. Since 2013, Future Generali held talks of a possible merger with Larsen & Toubro Ltd. to form a general insurance company but a year later, on 22 April, Future Group backed out of merger leading to premature closure of the talks.
Staples Inc
, a United States-based office supply retailer, has a presence of over nine cities in India under the joint venture with Future Group. As of April 2013, Future Group has 60% stake in the partnership.
Skechers
entered India through a JV with Future Group in 2012. Sketchers ends joint venture with Future group in February 2019 by buying 49% stakes.
French fashion Celio entered Indian markets in 2008 through a 50:50 joint venture with Future Group's then retail hand, Pantaloons Retail India Ltd. On November 2013, Celio hiked its stake in the joint venture to 65%.
Clark
. is a UK-based footwear and accessories retailer. The Future Group has entered into a 50:50 joint venture to form 'Clarks Future Footwear Ltd'. The JV launched its first stand-alone store in Connaught Place, Delhi on 19 April 2011. The brand seeks to gain a share of the premium segment in this category.
RelianceTakeOver
On Jun 2020 rumours on Reliance has entered into positive talks to take over Future Retail from Future Group. Reliance is going to buy for 27,000 Cr
