Future Group: Insolvency looms
Future has a shade over 550 stores left after RIL took over 830 stores for not paying rentals since early 2020. Of these, over 70% are defunct.
reliance retail
May 2022
April 2022
March 2022
Future group shares plummet up to 36% in 2 sessions after Reliance calls off deal
Future group companies hit their lower-price circuits for the second consecutive day as they failed to secure the ₹24,713 crore deal with RIL.
Future Group shares fall up to 20%; here’s why
Shares of Future Lifestyle and Future Supply Chain nosedived 20%, while Future Retail and Future Enterprises dropped up to 10% after RIL called off the ₹24,713 crore deal.
Banks vote against Future deal; co a pale shadow of itself
From a peak of 1,400 stores, Future group is now left with around 550 stores. Of these, 70% are shut because of lack of stocks.
RIL's retail arm acquires 51% stake in Abu Jani Sandeep Khosla; stock rises 3%
Abu Jani and Sandeep Khosla, the co-owners of the lebel, will continue to lead the design and creative direction of the brand.
Lenders will take Future cos. to bankruptcy to counter Reliance lease termination
Debt recovery of ₹30,000 crore from Future group companies will be tough for the banks if the retailer loses stores to Reliance without a deal.
Reliance Retail acquires 89% stake in Clovia for ₹950 crore
India's largest retailer paid ₹950 crore to buy an 89% equity stake in Clovia through a combination of secondary stake purchase and primary investment.
Future Retail shares dive 6% amid selling spree; but why...
Shares of Future Retail dropped 5.86% to hit a low of ₹45.8 on the BSE after it received termination notices for 947 stores, which it had sub-leased from the Reliance group.
Amazon, Future agree to SC call for out-of-court settlement
The Supreme Court has adjourned the matter for 10 days, and will pass orders if Amazon and Future fail to reach an out-of-court settlement.
Reliance Retail acquisition spree aims to make it 'Walmart + Amazon'
It acquired stakes in over 25 companies in the last three years
