Big Brands End 2018 on a High Profit Note

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Images Retail - - CONTENTS - – By IMAGES Re­tail Bureau

On­line re­tailer Ama­zon is in ad­vanced stage of talks to buy around 9.5 per­cent stake in Kishore Biyani led Fu­ture Re­tail, ac­cord­ing to sources close to PTI. Ac­cord­ing to a PTI re­port: A fi­nal shape to an agree­ment be­tween the two par­ties is ex­pected to take place in first half of De­cem­ber 2018, the sources said although in case of last minute hur­dles the deal could be an­nounced as late as Jan­uary 2019. When con­tacted, Ama­zon de­clined to com­ment to PTI while mes­sages sent to Fu­ture Group Founder and Group CEO Kishore

Biyani re­mained unan­swered by the time of fil­ing story. The Ama­zon-fu­ture Group deal is ini­tially es­ti­mated to be around ₹2,000 crore ex­e­cuted un­der for­eign port­fo­lio in­vestor (FPI). The agree­ment could also in­clude Ama­zon buy­ing out Biyani and pro­moter group’s en­tire hold­ing in fu­ture sub­ject to ap­pli­ca­ble reg­u­la­tions in In­dia. As of Septem­ber 2018, pro­moter and pro­moter group had 46.51 per­cent share of Fu­ture Re­tail Ltd, which op­er­ates hyper­mar­ket and su­per­mar­ket un­der brands which in­clude- Big Bazaar, Easy­day, Food­hall, Hypercity, FBB, Her­itage fresh, e-zone and WH Smith.

Ac­cord­ing to mar­ket watch­ers, this deal is ex­pected to help Ama­zon strengthen its play in the In­dian re­tail mar­ket that is still dom­i­nated by off­line re­tail­ers. The move would also in­ten­sify com­pe­ti­tion fur­ther be­tween Ama­zon and Wal­mart­backed Flip­kart that are locked in an in­tense bat­tle for lead­er­ship in the In­dian e-com­merce mar­ket. Wal­mart had picked up 77 per­cent stake in Flip­kart for US$ 16 bil­lion, the largest deal in the In­dian e-com­merce space so far. Both Ama­zon and Flip­kart are pump­ing in mil­lions of dol­lars to­wards build­ing in­fra­struc­ture and ex­pand­ing op­er­a­tions in the coun­try. In­finiti Mall is famed for an ar­ray of record-break­ing at­trac­tions, one-of-a-kind leisure ex­pe­ri­ences with many fash­ion and re­tail out­lets at both the Malad and And­heri branches in Mum­bai. This year, the mall has been the hub of a shop­ping and en­ter­tain­ment extravaganza, the likes of which have never been seen be­fore. The mall has high-end to mid seg­ment brands across fash­ion and re­tail cat­e­gories like Zara, Big Bazaar Gen Nxt, Trends, Re­liance Dig­i­tal, Croma, Len­skart, Charles & Keith, Aldo, Metro, Skech­ers, Black­ber­rys, Calvin Klein, Jack & Jones, Mufti, The Ray­mond Shop, Biba, AND, Neeru’s, W, Allen Sol­ley, ED Hardy, Marks & Spencer, Van Heusen, Ethos among oth­ers, the mall re­cently added Min­iso, MI, Home Cen­tre, Tom Tai­lor, Ray-ban to name a few for that lavish shop­ping ex­pe­ri­ence.

Ama­zon in Talks to Buy 9.5 Per­cent Stake in Kishore Biyani-led Fu­ture Re­tail In­finiti Mall adds Min­iso, MI, Home Cen­tre, Tom Tai­lor, Rayban to its Port­fo­lio

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