Mukesh Ambani’s Reliance Retail is involved in the acquisition of Future Group. At the same time, Future Group Company plans to expand its Big Bazaar.
The country’s leading hypermarket chain Big Bazaar plans to open one new store in the next three quarters. With this expansion, the number of Big Market stores will increase to more than 30,000. Explain that the company has a presence in more than 100 cities. According to the information, Big Bazaar will now open new stores in Tier 2 city as part of the expansion plan.
In addition, the company will have stores in most states of the country. Let us know that the retail unit of Reliance Industries is going to take over the retail, wholesale, logistics and warehouse business of Future Group. This is an agreement of Rs 2,71 crore. After the completion of this agreement, Reliance Industries will expand its retail business.
The agreement was held: US-based e-commerce company Amazon has objected to an agreement between Reliance Retail and Future Group. After going through all the legal procedures, the Competition Commission of India (CCI) has recently approved the acquisition.
Following the approval, Reliance Retail reached 1,800 stores across the country through Future Group. It has stores of Future Group’s Big Bazaar, FBB, EGD, Central Foodhall formats. Reliance Retail has received investments from around the world, including the United States. The companies have also invested in retail, which has also acquired stakes in another Reliance platform, Geo.
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