Future Group

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
Public
Industry
Founded2013 (2013)
FounderKishore Biyani (CEO)
HeadquartersMumbai, Maharashtra, India
Products
Services
₹100,060.18 crore (US$14 billion) as of March 2013[Primary 1]
Number of employees
71,000+[Primary 2]
Divisions
  • Future Retail Limited
  • Future Lifestyle Fashion Limited
  • Future Consumer Enterprise Limited
  • Future Innoversity Limited
  • Future Supply Chains Limited
  • Future Brands Limited
  • Future Capital Holdings Limited
  • Future Style Lab
Websitewww.futuregroup.in

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).[4][5] 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.[6]

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 3] For e.g., retail supermarket/hypermarket chains Big Bazaar, FBB, Food Bazaar, Food Hall, Hometown, etc. are operated by its retail division, Future Retail Limited,[7] while its fashion and clothing outlets Brand Factory, Central, and Planet Sports are operated via another of its subsidiaries, Future Lifestyle Fashions Limited.[8] 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 3] It also has operating companies to cater specifically to internal financial matters and consulting within its group of companies.[9]

On November 21, 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 in S&P BSE 200. It Belongs to A group company (To check latest share price click here)

In August 2020, Reliance Group to buy Future Retail from Future Groups [33]

Future Group's operating companies sorted by targeted markets

[Primary 3]

Retail
  • Future Retail Ltd[10]
  • Future Lifestyle Fashion Ltd
  • Future Consumer Limited[Primary 4]
  • Future Enterprises Limited
  • Swathi Tiffin Shop
  • Foodhall

Financial services
  • Future Capital Holdings (for internal financial services)
  • Future Generali Life Insurance
  • Future Generali General Insurance
  • Future Ventures

Other services
  • Future Innoversity
  • Future Supply Chains
  • Future Brands

Future Retail Ltd.

Future Lifestyle Fashion Ltd

Fashion and lifestyle (Brands)
  • Indigo Nation
  • Scullers
  • John Millers
  • All
  • Rig
  • Coverstory
  • DJ&C
  • Buffalo
  • Hey
  • Bare
  • Clarks
  • Holii
  • UMM
  • Urban Yoga
  • Jealous 21

Integrated foods and FMCG (Brandss) [Primary 4]
  • NILGIRIS
  • Tasty Treat
  • Fresh & Pure
  • Ektaa
  • Premium Harvest
  • Mera Swad
  • Pratha
  • Punya
  • Sach
  • Kosh
  • Sunkist
  • Kara
  • TS
  • Clean mate
  • Care mate
  • Swiss tempelle
  • Baker street
  • Golden Harvest
  • Prim
  • Desi Atta Company
  • Sangi's Kitchen
  • Voom
  • Dreamery
  • Sensible Portions
  • MYSST
  • Puretta
  • Veg Affaire
  • Terra
  • Mother Earth
  • Karmiq

Joint venture partnerships

Amazon-Future Retail

[Amazon-Future Retail] Biyani company valued at ₹43,000 crore: Amazon gets coupons to invest in Future Retail. ... MUMBAI: Amazon has agreed to acquire an indirect minority stake in Future Retail, the operator of Big Bazaar and EasyDay chains, ahead of an option to buy all or part of the promoters' holding in the company after three years. Rajan Malhotra the President – Retail Strategy at Future Group resigned in Nov 2019.

Generali Group

Generali is an Italian insurance company, having business in India through a joint venture with Future Group under the brand name Future Generali Insurance. Future Generali operates in India having through two primary legal entities namely Generali India Life Insurance Co. Ltd. (Life Insurance) and Generali India Insurance Co. Ltd. (Non-Life Insurance).[Primary 5] Since 2013, Future Generali held talks of a possible merger with Larsen & Toubro Ltd. to form a general insurance company but a year later, on 22 April, Future Group backed out of merger leading to premature closure of the talks.[14]

Staples Inc

Staples Inc., a United States-based office supply retailer, has a presence of over nine cities in India under the joint venture with Future Group.[Primary 6][15] As of April 2013, Future Group has 60% stake in the partnership.[16]

Skechers

Skechers entered India through a JV with Future Group in 2012. Sketchers ends joint venture with Future group in February 2019 by buying 49% stakes.[17]

Celio

French fashion Celio entered Indian markets in 2008 through a 50:50 joint venture with Future Group's then retail hand, Pantaloons Retail India Ltd (now Future Retail Ltd).[18] On November 2013, Celio hiked its stake in the joint venture to 65%.[19]

Clark

C&J Clark International Ltd. is a UK-based footwear and accessories retailer. The Future Group has entered into a 50:50 joint venture (JV) to form 'Clarks Future Footwear Ltd'. The JV launched its first (1,600 sq ft.) stand-alone store in Connaught Place, Delhi on 19 April 2011. The brand seeks to gain a share of the premium segment in this category. [20]

RelianceTakeOver

On Jun 2020 Reliance has entered into positive talks to take over Future Retail from Future Group. Reliance is going to buy for 27,000 Cr [21]

gollark: Idea: ignore all large-scale politics!
gollark: Point is, people very effectively self-select peer groups to have vaguely similar opinions/interests/etc.
gollark: In real life, I know about one person who supports Trump (not that sure, haven't checked) out of... well, several tens of friend-ish people, at least. Although this being not-America, not that many people care about American politics.
gollark: Filter bubbles are very powerful!
gollark: Maybe there are polls, I haven't checked.

References
  1. Prime, E. T. "Kishore Biyani's Hamletian muddle: Will the Future Group founder walk his talk?". ET Prime. Retrieved 6 July 2020.
  2. "Top Companies in BSE Retail segment by Total assets". Moneycontrol.com. Retrieved 25 July 2014.
  3. "Top Companies in NSE Retail segment by market cap". Moneycontrol.com. Retrieved 25 July 2014.
  4. Our Bureau (30 April 2012). "Aditya Birla Novo to take control of Pantaloon's apparel business". Thehindubusinessline.com. Retrieved 25 July 2014.
  5. Suman Layak (27 May 2012). "Friendly Takeover". Business Today. Retrieved 25 July 2014.
  6. "Future Value to be merged with Pantaloon Retail to cut operating cost". India Times. 10 September 2012. Retrieved 25 July 2014.
  7. Future Retail Chains
  8. Future Fashion Chains
  9. BSE (10 July 2014). "Future Group Companies". Profit.ndtv.com. Retrieved 25 July 2014.
  10. "Future Group to steer Heritage's retail business". The Hindu. Retrieved 26 February 2017.
  11. Fanzart partners with Future Group’s HomeTown Stores
  12. Reporter, Corporate. "Big Bazaar to invest Rs. 600 crore on expansion". The Hindu. Retrieved 26 February 2017.
  13. pilla, vishwanath. "Future Retail buys Heritage Foods's retail business". Live Mint. Retrieved 7 November 2016.
  14. Shilpy Sinha; Arijit Barman (22 April 2014). "Kishore Biyani to pull out of general insurance merger talks with L&T for Future Generali". Economic Times. Retrieved 25 July 2014.
  15. "Staples Future Overview". Staplesfuture.com. Retrieved 25 July 2014.
  16. Sagar Malviya (4 April 2013). "Future Group, CEOs JV buy majority stake in Staples". Economic Times. Retrieved 25 July 2014.
  17. "Skechers buys Future Group's 49% in joint venture for independent run". The Economic Times. 13 February 2019. Retrieved 23 January 2020.
  18. Rasul Bailay (17 April 2008). "Pantaloon in JV with menswear firm Celio". Livemint.com. Retrieved 25 July 2014.
  19. Raghavendra Kamath (25 November 2013). "Celio hikes stake in Future Group JV to 65%". Business Standard News. Retrieved 25 July 2014.
  20. "Print Article". livemint. 20 April 2011. Archived from the original on 4 September 2012. Retrieved 20 June 2011.
  21. ""Reliance Take Over"". ShivKumar VermaTraders. 1 July 2020.

Primary sources
  1. "Annual Report 2013" (PDF). Archived from the original (PDF) on 1 August 2014. Retrieved 25 July 2014.
  2. "404 Page not found". Retrieved 11 May 2020.
  3. Future Group Businesses as mentioned in its official website
  4. {Cite web|url=https://futureconsumer.in/%7Ctitle=Future Consumer Limited|website=futureconsumer.in|access-date=2020-01-23}
  5. Future Generali Website
  6. "Future group press release announcing JV with Staples Inc". Futuregroup.in. 18 January 2007. Archived from the original on 11 August 2014. Retrieved 25 July 2014.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.