History: Future Retail LTD

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Future Group is an Indian conglomerate company founded by Kishore Biyani,[1] 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 BSE with respect to assets,[2] and in NSE with respect
to market capitalisation.[3]
Future Group is a corporate group and nearly all of its businesses are managed through its various operating
companies based on the target sectors.[Primary 1] For example, retail supermarket/hypermarket chains Big Bazaar,
FBB, Food Bazaar, Food Hall, Hometown, etc. are operated by its retail division, Future Retail Limited,[4] while
its fashion and clothing outlets Brand Factory, Central, and Planet Sports are operated via another of its
subsidiaries, Future Lifestyle Fashions Limited.[5] 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.[Primary 1] It also has operating companies to cater specifically to internal
financial matters and consulting within its group of companies.

History[edit]
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 ₹8,000 crore (equivalent to ₹120 billion or US$1.7 billion in 2019).[7]
[8]
 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.[9]
On 21 November 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 (FCEL).
Future Retail Ltd. is listed on [1] in S&P BSE 200. It Belongs to A group company (To check latest share
price click here)
On 29 August, 2020, it was announced that Reliance Retail had reached an agreement with Future Group to
acquire its retail and wholesale business, and also its logistics and warehousing businesses for $3.4 billion.
[10]
 This takeover is yet to be approved by SEBI, NCLT, CCI and other regulatory bodies

Future Retail Ltd.[edit]

 HomeTown, furniture retailer[12]


 Koryo (Private Label)
 Food Bazaar
 Fashion at Big Bazaar (FBB)
 Aadhaar Wholesale
 HomeTown
 E Zone
 Foodhall
 Easyday
 Big Bazaar[13]
 Nilgiris 1905
 Heritage Fresh[14]
 HyperCity

missiion
We share the vision that our customers and stakeholders are best served by creating and executing future
scenarios in the consumption space leading to economic development.
We will be the trendsetters in evolving consumer brands and delivery formats and by making consumption
affordable for all customer segments. We shall infuse Indian brands with confidence and renewed ambition. We
shall be efficient, cost- conscious and committed to quality in whatever we do.

We shall ensure that our positive attitude, sincerity, humility and united determination shall be the driving force
to make us successful.

values
RESPECT AND HUMILITY in dealing with everyone within and outside the organisation

FLOW by constantly learning and being inspired from the universal laws of nature

INDIANNESS by believing in oneself and doing things the Indian way

INTROSPECTION for continuous learning, self-development and personal excellence

OPENNESS AND ADAPTABILITY by accepting new ideas and knowledge, and being proactive in meeting
challenges emerging from changing business scenarios

VALUING AND NURTURING RELATIONSHIPS with customers, business associates, stakeholders,


communities and the society LEADERSHIP in thought and in business

SIMPLICITY AND POSITIVITY to foster innovation, speed and imagination

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