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Mitsubishi surprises Biyani, wants stake in flagship Big Bazaar
Japan’s Mitsubishi Corporation has sprung a surprise on Kishore Biyani by asking for a piece of Big Bazaar, Future Group’s flagship retail business. Sources familiar with the development said the Japanese giant had made it a pre-condition to invest in Future Group’s food sourcing and back-end infrastructure. The two sides discussed the issue in the US last week and the Japanese company
Japan’s Mitsubishi Corporation has sprung a surprise on Kishore Biyani by asking for a piece of Big Bazaar, Future Group’s flagship retail business. Sources familiar with the development said the Japanese giant had made it a pre-condition to invest in Future Group’s food sourcing and back-end infrastructure. The two sides discussed the issue in the US last week and the Japanese company
Firms take asset sale route, as going gets tough
After the acquisition spree during the ‘India Shining’ phase, home promoters are now back to investment bankers, this time to try and sell assets.
After the acquisition spree during the ‘India Shining’ phase, home promoters are now back to investment bankers, this time to try and sell assets.
We are not here for speed but for the long term: Pranab Barua
Pranab Barua, business director, apparel and retail business of the Aditya Birla Group, recently took over as the chief executive officer of Aditya Birla Retail Ltd (ABRL). He is
Pain not over yet for Pantaloon Retail
While core retail sales grew in single digit, debt will remain at elevated levels despite the recent deal with Aditya Birla Nuvo
While core retail sales grew in single digit, debt will remain at elevated levels despite the recent deal with Aditya Birla Nuvo
Warburg Pincus close to buying majority stake in Future Capital
After selling his apparel business, Pantaloon Retail India, to the Aditya Birla Group, Kishore Biyani is set to sign another deal to sell a controlling stake in his non-banking financial company,
Future Generali Life shuts 55 branches, cuts staff by a third
Future Generali Life, the private life insurer promoted by the Kishore Biyani-led Future Group, has undertaken extensive restructuring since April. That has seen its workforce reduced by a third
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