Reliance Future group deal | Mukesh Ambani bags Future group retail with a staggering Rs.24,713 crores |
- 4 years ago
Hi friends,
In this video I am going to disclose the mega deal whick took place between Reliance Retail Ventures (RRVL) and Future group.
Burdened with debt, Kishore Biyani sells Big Bazaar to Reliance
Reliance Retail, which has a store count of 11,806 outlets across 7,000 towns in the country now aquires Future Group retail.
Kishore Biyani confirmed selling his Future Group to Reliance Industries. In a slump sale transaction worth Rs 24,713 crore, RIL bought out the wholesale, retail logistics and warehousing businesses of the Future Group.
The retail business also covers the firm’s chain of electronics stores besides its portfolio of lifestyle stores, Central and Brand Factory. Future Retail has a footprint spanning more than 1,500 stores in over 400 cities and towns across the country.
Reliance Retail, which has a store count of 11,806 outlets across 7,000 towns in the country, had earlier said that store expansion remains a ‘thrust’ for the business. Besides strengthening the company’s footprint, the transaction is also expected to significantly add to JioMart’s offerings that plans to expand beyond grocery.
As part of the deal, the Retail & Wholesale Undertaking is being transferred to Reliance Retail and Fashion Lifestyle Limited (RRFLL), a wholly-owned subsidiary of Reliance Retail Ventures (RRVL). The Logistics & Warehousing Undertaking is being transferred to RRVL.
In short Reliance Retial in form of Jio Mart is planning to become the retain king of India competing with Amazon and Walmart.
The Indian consumers are expecting cheaper prices along to quality and trust worthy products promoting Make in India initiatives.
Hopefully, I am able to make this clear to you.
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Name: SANTU MAJUMDER
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*** Copyright Disclaimer Under Section 107 of the Copyright Act 1976, allowance is made for "fair use" for purposes such as criticism, comment, news reporting, teaching, scholarship, and research. Fair use is a use permitted by copyright statute that might otherwise be infringing. Non-profit, educational or personal use tips the balance in favour of fair use. ***
In this video I am going to disclose the mega deal whick took place between Reliance Retail Ventures (RRVL) and Future group.
Burdened with debt, Kishore Biyani sells Big Bazaar to Reliance
Reliance Retail, which has a store count of 11,806 outlets across 7,000 towns in the country now aquires Future Group retail.
Kishore Biyani confirmed selling his Future Group to Reliance Industries. In a slump sale transaction worth Rs 24,713 crore, RIL bought out the wholesale, retail logistics and warehousing businesses of the Future Group.
The retail business also covers the firm’s chain of electronics stores besides its portfolio of lifestyle stores, Central and Brand Factory. Future Retail has a footprint spanning more than 1,500 stores in over 400 cities and towns across the country.
Reliance Retail, which has a store count of 11,806 outlets across 7,000 towns in the country, had earlier said that store expansion remains a ‘thrust’ for the business. Besides strengthening the company’s footprint, the transaction is also expected to significantly add to JioMart’s offerings that plans to expand beyond grocery.
As part of the deal, the Retail & Wholesale Undertaking is being transferred to Reliance Retail and Fashion Lifestyle Limited (RRFLL), a wholly-owned subsidiary of Reliance Retail Ventures (RRVL). The Logistics & Warehousing Undertaking is being transferred to RRVL.
In short Reliance Retial in form of Jio Mart is planning to become the retain king of India competing with Amazon and Walmart.
The Indian consumers are expecting cheaper prices along to quality and trust worthy products promoting Make in India initiatives.
Hopefully, I am able to make this clear to you.
Please subscribe to my channel and smash the bell icon to get notifications whenever I upload new videos.
Like, share and comment to create engagement.
MUSIC ATTRIBUTION
YouTube Music Library
This video is in compliance with the COPPA [ Children Online Privacy Protection Act ]. The content of this video does not target children in anyways.
Name: SANTU MAJUMDER
email: santu264227@gmail.com
PLEASE PARTICIPATE IN THE GIVEAWAY BY CLICKING THE ( I ) BUTTON.
LIKE SHARE AND SUBSCRIBE TO PROMOTE THE CHANNEL.
#futuregroup
#reliance
#bigbazaar
#santu
#santumajumder
#santumajumderkolkata
@santu_kolkata
My social media links :
Youtube : https://www.youtube.com/santumajumder
Facebook : https://www.facebook.com/santu.majumder
Twitter : https://twitter.com/santu_kolkata
Instagram : https://instagram.com/santumajumderkolkata
Blogger : https://realitycheckglobal.blogspot.com/
*** Copyright Disclaimer Under Section 107 of the Copyright Act 1976, allowance is made for "fair use" for purposes such as criticism, comment, news reporting, teaching, scholarship, and research. Fair use is a use permitted by copyright statute that might otherwise be infringing. Non-profit, educational or personal use tips the balance in favour of fair use. ***